Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

In January, the central bank sold USD 814 million in foreign currency to retail banks, a drop of USD 31 million compared to December 2019, year-on-year, there was an increase of USD 190 million (+30.5%);
The State will resume issuance of domestic debt securities, and is due to auction T-Bills (BT) at 3, 6 and 12 months;
Data collected independently by OPEC points to a 4.8% yoy reduction in production in January, totaling 1.37 million barrels per day (mbd);
In international markets, Brent recovered - trading today above USD 57 - with news of some calm regarding the evolution of COVID-19 (coronavirus); Chinese authorities expect to completely tame the epidemic by April.

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BFA

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