Search

Angola’s Central Bank Injects $170 Million into Market to Stabilise Currency

Breaking News
© Allen Dreyfus
  • BNA has sold 68% of the allocated $250 million for food and medicine imports.
  • Economists see the move as a step towards economic stabilization and enhanced monetary policy flexibility.

Luanda, Angola – The National Bank of Angola (BNA) announced Wednesday, that as of October 7, it had sold $170,040,590.15, equivalent to 68% of the $250 million allocated to commercial banks for foreign exchange operations aimed at importing food and medicines. The remaining funds will continue to be available throughout the current week, as indicated on its website.

Recent Business

Woman selling fruit in Tanzanian Market. Photo by David Cashbaugh @ Unsplash
Tanzania’s inflation shock tests East Africa’s last bastion of monetary stability
Read More »
An electric car battery made from lithium inside a vehicle's engine compartment. Photo by Ayyeee Ayyeee @ Pexels
China’s Huayou secures Ghana’s Ewoyaa Lithium, expands grip on Africa’s battery metals
Read More »
Nigerian youth on the street. Photo by Salem Ochidi @ Unsplash
Nigeria oil hopes fade as Ghana and Kenya face mounting war-driven inflation
Read More »

Recent Politics

French President Emmanuel Macron and Prime Minister Abiy Ahmed in Ethiopia. Photo @ Abiy Ahmed/X
Macron’s Ethiopia pivot deepens Horn tensions as Addis pushes controversial Red Sea ambitions
Read More »
Uganda president Yoweri Kaguta Museveni. Photo: Yoweri Kaguta Museveni/Facebook
Could Uganda’s sovereignty law become Africa’s next democratic flashpoint?
Read More »
The Prime Minister of India, Shri Narendra Modi visiting Sri Venkateswara Swamy Temple. Photo @ Wikimedia Commons
India’s Horn of Africa strategy has shifted: what it’s trying to do and how it could work
Read More »

Latest Posts

Latest news insights