Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

In the first 9 months of the year, the current account recorded a positive balance of USD 11.0 billion(bn).
The Ministry of Finance will assume a premise of USD 75 per barrel for the 2023 Budget, close to the level at which the commodity is now trading.
The price of a barrel of Brent oil, which serves as a benchmark for Angolan exports, performed very negatively and ended the week trading at USD 75.6 per barrel, evidently below the USD 84.6 in which it traded at the end of the previous week.
The National Bank of Angola (BNA) announced last Tuesday the extinction of the foreign exchange control department as a result of the adoption of the flexible exchange rate regime, which contributed to the exclusion of the need for licensing of foreign exchange operations.

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BFA

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