BFA - Angola Weekly

Dear subscriber [name],

Please find attached Angola´s weekly highlights:

• In March, oil exports stood at 0.88 million barrels per day (mbd), the lowest level since the beginning of the statistical series in 2011;

• In March, the YoY Inflation stood at 12.42%, approaching the lowest levels recorded in August 2023;

• In the first quarter of the year, foreign exchange supply grew by about 5.62% YoY; however, it remained insufficient to meet the growing demand for foreign currency, resulting in the accumulation of a backlog estimated at around USD 1.5 billion.

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BFA

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