BFA - Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

  • Oil exports in August stood at close to 1.14 million barrels per day (mbd), an increase of 1.3% YoY;

  • According to ANPG data, total oil production in August was 36 million barrels, which amounts to around 1.17 mbd, an increase of 3% compared to the same period last year;

  • Banks are now obliged to sell, on the interbank market, 30% of the entire amount acquired in foreign currency purchase operations in the oil and diamond sectors that take place on the Bloomberg FXGO platform;

  • International Reserves remain quite stable and closed the month of September at USD 15.0 B, representing an increase of USD 199 million compared to the previous month;

  • Bodiva markets traded a total of AOA 408 B in September, a drop of 78% when compared to the same period last year.



Best regards,
BFA


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