Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

Gross credit to the non-financial sector stood at close to AOA 5.72 trillion, having registered a nominal increase of 18% yoy, which corresponds to around AOA 883.71 trillion.
After having depreciated more than 45% between May and June, in the last two months the Kwanza has remained stable.
Diamond exports continue on a downward trend, after closing the month of July close to 295,000 carats, which represents a 24% reduction compared to June.
Oil barrel prices have been under pressure for almost two weeks, at a time when the market seems more optimistic that supply may increase in the near future.

Best regards,
BFA

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