Angola: BNA Sells 170.3 Million Euros to Financial Market

Posted on

The National Reserves Bank of Angola (BNA) sold 170.3 million Euros (equivalent to USD 190.3 million) to the financial market, with emphasis on the oil sector operations, availing 53.7 million Euros.

The central bank, in this period, reduced 3.5 million euros of sale in comparison to the previous period, by availing to the market 173.5 million euros.

In this balance sheet period, 32.4 million euros were sold to cover operations in various sectors, 9.9 million euros for Credit Cards and 9.2 million euros for bureaux de change.

To cover travel operations, family assistance, health and education, it was sold 8.9 million euros, equal amount for remittance operators' accounts, 6.1 million euros for food, 5.4 million euros for the sector of airlines and 268.500 for the insurance sector.

The average US dollar exchange rate of the primary exchange rate market at the end of the week remained at 166.744 kwanza, as well as the Euro which was 186.298 kwanzas. Read more on All Africa.

Source: All Africa

Image

About Us

The idea of an Association of African Central Banks was first introduced on May 25, 1963, at the Summit Conference of African Heads of State and Government held in Addis Ababa, Ethiopia. In this regard, African Heads of State and Government unanimously agreed to set up a preparatory Economic Committee to study a large range of monetary and financial issues, in collaboration with Governments and in consultation with the Economic Commission for Africa (ECA).

AACB

CONTACTS

Abdoulaye Fadiga Avenue, Dakar, Senegal
(221) 33 839 08 84
(221) 33 839 08 01
secretariat@aacb.org
Contact Form
PO Box 4128 - Dakar - Senegal

© 2003 Copyright www.aacb.org. All Rights Reserved.

TOP