BFA - Angola Weekly

Dear subscriber [name],

Dear subscriber,

Here is this last week’s Angola Weekly.

Highlights:

• In June, year-on-year inflation was 31.0%, representing an increase of 0.8 percentage points (pp) compared to May. According to INE data, monthly inflation in June stood at 2.1%, a deceleration compared to the previous month;

• The President of the Republic authorized by Presidential Order the partial privatization of the shares that the State holds in Standard Bank Angola;

• In the foreign exchange market, the week was marked by a slight depreciation of the national currency against the Dollar and the Euro, having closed the week at USD/AOA 871 and EUR/AOA 943;

• A barrel of Brent oil, a benchmark for Angolan exports, closed the week trading close to USD 85 – a decrease of USD 1 compared to the beginning of the week and the first drop after 4 weeks on the rise.

Best regards,
BFA

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