Ver Angola

Banking and Insurance

BNA bought 100 million dollars on the Bloomberg platform to accumulate net reserves

The National Bank of Angola (BNA) bought 100 million dollars, at an average exchange rate of 420 kwanzas per dollar, on the Bloomberg FXGO platform, to accumulate net international reserves.

: Lusa

According to the BNA, in a note, this one-off transaction to purchase foreign exchange on the market, which took place on Thursday and Friday, came about for "the purpose of accumulating net international reserves".

The central bank states that, for the same purpose, it plans to buy the additional amount of 100 million dollars, in the week of August 8 to 12, "while maintaining the availability of foreign currency supply on the market".

The BNA carried out a previous purchase of the kind last April, when it acquired, through the same platform, foreign exchange in the amount of 631.5 million dollars, which aimed to "reduce the volatility of the currency".


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