Luanda - National Bank of Angola (BNA) bought 631.5 million dollars, at the rate of 400,000 USD/AOA, on the Bloomberg FXGO platform, due to the growing volume of foreign currency supply not provided in Luanda this financial system.
Angolan Central Bank justifies that, to reduce currency volatility, it had to buy foreign currencies from agents participating in the Bloomberg FXGO platform, according to a document published on its website and which has reached ANGOP.
The last such purchase made by the BNA was in December 2021, when it obtained foreign exchange from the National Treasury, amounting to 550 million dollars, at the rate of 520,000 USD/AOA.
This operation aimed to ensure the maintenance of the normal and regular functioning of the foreign exchange market.
More than 46 participants operate on the Bloomberg FXGO platform.
They include commercial banks, players in the oil and diamond sectors, as well as insurance companies and airlines.
National Treasury and the Central Bank itself also join the platform.
