Ndalatando – The governor of the Angola Central Bank (BNA), Manuel Tiago Dias, reported Sunday, in Ndalatando, Cuanza-Norte Province, that the supply of foreign currency in the country is estimated at 800 million US dollars/month.
Of the USD 800 million, around USD 600 million are transacted on the Bloomberg platform and USD 200 million by commercial banks.
According to Manuel Tiago Dias, the country is better compared to a few months ago, where there was a shortage of foreign currency, a fact that resulted in pressure on the national economy.
The official, who is in the city of Ndalatando on a working visit, explained that Angola began to feel a reduction in foreign exchange in the economic circuit from May 2023.
He informed that the scarcity of foreign currency caused the national economy to adapt depending on the availability in the market.
Manuel Tiago Dias, accompanied by a BNA delegation, is “taking x-rays” of the sector he heads, with emphasis on the rehabilitation work on the BNA facilities, in the center of the city of Ndalatando.
On Saturday, the BNA delegation visited some farms that benefited from bank credit.
A meeting of the Monetary Policy Committee, the body responsible for formulating the country's monetary and exchange rate policy, is scheduled for Nov 18, which will take place in the city of Ndalatando.
EFM/IMA/YD/CF/jmc
