Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

The central bank raised the foreign currency mandatory reserves rate from 15% to 17%, with the additional reserves to be met with local currency funds;
According to the Angolan statistics offfice, exports of goods in Q2 2020 fell to less than half the value in Q2 2019 (-62.1%), when valued in Dollars;
In the foreign exchange market, the Kwanza depreciated 0.9% against the Dollar last week and 1.6% against the Euro, with the reference exchange rate trading at 627.7 and 735.6, respectively.

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BFA

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