BFA - Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

OPEC reduced the production quota for Angola in 2024, from 1.28 million barrels per day (mbd) to 1.11 mbd, although the Angolan authorities have stated that they intend to maintain a target higher than this level, around 1. 18 mbd;
The overnight interest rate on the interbank money market began to rise slightly, after reaching 2014 lows a few weeks ago;
International reserves ended the month of November at close to USD 14.6 billion, having registered a year-on-year growth of 6.6% and a monthly increase of USD 385.8 million;
The trading volume of the Angolan Debt and Securities Exchange (BODIVA) grew significantly again in November, after a significant drop of close to 90% in October.

Best regards,
BFA

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