Ver Angola

Economy

Kwanza appreciates against the dollar

Between July 30 and August 24, the national currency appreciated 0.5 percent against the dollar.

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According to the National Bank of Angola (BNA), between this period, the exchange rate dropped from 646.46 to 642.63.

As an example, in this period, for every 1000 kwanzas spent, people gained half a kwanza, compared to the previous months, writes the Jornal de Angola.

At a time when the American currency has become the equal currency in foreign exchange transactions, it was expected that the national currency would suffer an increase in pressure. However, the kwanza ended up benefiting due to the appreciation of oil prices, weak international trade and the measures taken by the BNA.

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