Ver Angola

Banking and Insurance

International net reserves with a balance of 13.6 billion and covering more than seven months of imports

The governor of the National Bank of Angola (BNA) said this Monday that net international reserves, at 13.6 billion dollars, have been “very stable” and cover more than seven months of imports.

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The reserves "have remained very stable", stressed José de Lima Massano, justifying that the basis of this balance is a change in the method of verifying the reserves, which currently eliminates all liabilities, writes Angop.

Cited by Angop, Lima Massano also clarified that treasure deposits are no longer included in international reserves. "They are kept with the BNA, which today are resources available to the Central Bank to protect our currency," he added.

Speaking on the sidelines of the launch of the book "Banca Central e Finanças Públicas", the governor also took the opportunity to mention that in relation to credit granted under Notice/10, there are approximately 1.2 billion dollars in foreign currency.

"Angola has been registering a reduction in the inflation rate, which should be below 18 percent, which is positive and we are probably going to maintain this course and more quickly reach the desired single digit", he said, quoted by Angop.

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