Data from Banco Millennium Atlântico, released in an analysis note consulted by Lusa, show that this is the highest value recorded since December 2023, when it recorded 14.7 billion dollars.
In the month of June, the 'stock' of international reserves had also increased, reaching 14.4 billion dollars, corresponding to a coverage of 7.2 months of imports of goods and services.
According to the analysis, this growth for the second consecutive month is due to the recovery of 3.67 percent in the availability of special drawing rights” to 620.9 billion dollars, and of “IMF [International Monetary Fund] reserves” to 150 .8 billion dollars, while deposits recorded a significant increase of 9.65 percent to 5.4 billion dollars.
“Contrary, the availability of foreign currency maintained the rate of reduction, for the third consecutive month and stood at US$63.08 million in the month under analysis”, says the document.
Speaking to Lusa, Angolan economist Joyce Domingos said that this growth trend should continue, as there is less and less need for intervention by the National Bank of Angola (BNA) in the foreign exchange market.
According to this expert, these assets, which constitute international reserves, are being well monetized and allow the central bank to contribute to the stability of the foreign exchange market.
Joyce Domingos stressed that the central bank's intervention has been reduced in the foreign exchange market, leaving this space for normal participants, namely oil and diamond companies, with a view to adjusting the market.
“In principle, these reserves must be maintained in the applications they are in, that they continue to make money, and the outflows are increasingly reduced, because the one who has made the most interventions is the National Treasury”, he said.
With regard to foreign currency, Joyce Domingos stressed that its continued reduction is due to the reduced availability of acquisition domestically by the BNA.
