Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

The unemployment rate improved slightly in the second quarter of 2022, down 0.6 percentage points (pp) from Q12022 (30.2%, vs. 30.8%).
BNA bought USD 100 Million for the second time for the purpose of accumulating international reserves from participants of the Bloomberg FXGO Platform.
In the foreign exchange market, the week was marked by an appreciation of 0.1% of Kwanza against the Dollar and 2.4% against the Euro, having closed the week at USD/AOA 428.8 and EUR/AOA 430.9.
BNA suspended Finibanco Angola from the foreign exchange market for 45 days for several regulatory defaults.
The World Bank has a new Representative and Director for Angola.
Angola is counting down for the general elections.

Best regards,
BFA

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