Luanda - The National Treasury made available, on the market, as of this Wednesday, 300 million dollars for commercial banks.
According to a note published on the Angola's Central Bank (BNA) website, the amount will be available throughout the week until it runs out.
To this end, the document adds, daily currency sales sessions will be held on the Bloomberg Platform, through the STA (Single Tenor Action) command, from 9:00 am to 11:00 am, and commercial banks will also be able to purchase currency foreign currency, using the RFQ (Request for Quote) command until 1:00 p.m.
The note says that in order to mitigate possible operational constraints in the settlement of operations, commercial banks will be able to resort to the Liquidity Provision Facility, with the BNA, and may also resort to the Liquidity Provision Facility at maturity of seven days, as long as have Open Market Operations, with the Central Bank, due within the aforementioned period.
BNA data shows that Angola registered an increase of more than 200 million dollars in the availability of foreign currency in January, rising from $600 million/month to $836 million.
According to the Central Bank governor, Manuel Tiago Dias, who spoke at the presentation of the Evolution of the Foreign Exchange Market and its Perspectives, following the last Meeting of the BNA's Monetary Policy Committee (CPM), preliminary data on February this year saw a sale of currency by the Treasury, in the order of $244 million.
HM/AC/CF/jmc
