BFA - Angola Weekly

Dear subscriber [name],

Please find attached Angola´s weekly highlights:

• The oil market reacted with a sharp surge following the escalation of the conflict between the U.S./Israel and Iran, which disrupted ship traffic through the Strait of Hormuz, a route that accounts for around 20% of global oil flows;

• In January, credit to the private sector in Kwanzas (local currency) stood at around AOA 6.4 trillion, recording a nominal year-on-year increase of approximately 19.2%;

• International reserves closed the month of February at USD 15.9 billion (b), representing a decrease of about USD 157 million compared to January;

• Total trading volume on Bodiva in February amounted to AOA 1.4t, a significant increase compared to the AOA 779.5b traded in January.

Best regards,
BFA

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