Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

At the Monetary Policy Committee (CPM) held last Friday, the BNA reduced the local currency mandatory reserves rate from 19% to 17%.
International reserves closed July at USD 13.9 billion, representing an increase of USD 0.52Bn since the beginning of 2022.
Operating profit for non-financial public companies totaled AOA 0.86 Trillion (Tn) in 2021, an increase of AOA 1.39Tn compared to the same period.
Last week, a 170-carat pure pink diamond was discovered in the Lulo mine.

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BFA

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