BFA - Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

The Current Account recorded a surplus of around USD 102 million in Q2 2023, the lowest result obtained since Q2 2020, USD 553.1 million.
The Ministry of Finance made AOA 153.0 Bn available for financial support for the production of food and animal protein.
Following the entry into force of Directive No. 07/2023, of June 26th, last Thursday, August 31st, the BNA sold around USD 100 million to Commercial Banks, purchased from participants on the Bloomberg FXGO platform.
Oil barrel prices ended the week trading higher in line with expectations that the main OPEP+ members will extend production restrictions until October.

Best regards,
BFA

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