Ver Angola

Economy

Government stops allocating foreign currency to import items whose production meets demand

The government gave up this Monday to allocate foreign currency to the import of a set of products, including vegetables, legumes and industrial processing, whose production already meets domestic demand.

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The Government gave up this Monday to allocate foreign currency to the import of a set of products, including vegetables, legumes and industrial processing, whose production was approved this Monday at the eighth ordinary meeting of the Economic Commission of the Council of Ministers, held under the guidance of the President, João Lourenço.

In a statement to the press at the end of the meeting, the Minister of Industry and Trade of Angola, Victor Fernandes, said that the Economic Commission of the Council of Ministers decided that for those products, namely beans, tomatoes, onions, sorghum, millet, sweet potatoes, garlic, carrots and bottled water, among others, whose domestic capacity can already meet demand, there will no longer be the allocation of foreign exchange for its import with ordinary treasure resources.

"In other words, they will only import products of this nature with their own resources, with their own currency. The treasury currency will not be allocated to this import of products, whose internal production already satisfies the demand," stressed the minister.

According to Victor Fernandes, these products have, in some cases, a high capacity of domestic production, but that are not yet able to meet the demand, but there are others that are demonstrably already able to meet that domestic demand.

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