Ver Angola

Economy

Foreign exchange transactions have become more secure and now run without restrictions

Foreign exchange transactions have become safer, being carried out without restrictions “on the transfer of dividends from those who invest in Angola”.

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The information was released this Friday by the President of the Republic, João Lourenço, during the opening of the solemn plenary meeting opening the 5th legislative session of the 4th legislature of the National Assembly.

"Foreign exchange transactions have become more secure and visible, and therefore there are no restrictions on the transfer of dividends from those who invest in Angola, a factor of great importance for improving the business environment in the market," he said.

The situations of influence peddling of discriminatory and unfair actions were rectified and suppressed, continued the head of State, cited by Angop.

According to João Lourenço, the means of foreign currency produced with the activities of the oil sector are increasingly disposed "at the service of economic agents who need them".

He also indicated that since last year, the national currency has remained stable in relation to foreign currencies and considered that this appreciation reflects improvements in the external accounts.

He also spoke about the difference between the exchange rate between the formal and informal market, which is around less than 10 percent. A value that, according to the President, is considered a "highly relevant advance in the functioning of the foreign exchange market with important impacts on the functioning of the rest of the economy".