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

Mobile money instant payment in Africa. Photo by Olumide Bamgbelu @ Unsplash
PayPal targets Africa with cross-border digital wallet in 2026
Read More »
African map. Photo by Joachim Schnürle @ Pixabay
Can Africa really have one central bank by 2026?
Read More »
Musanze, Rwanda. Photo by Dieuvain Musaghi @ Unsplash
Rwanda inflation ticks up to 7.2% as food insecurity and import costs bite
Read More »

Recent Politics

African military exercise. Photo by Alexander McKinley @ Unsplash
Can a US-brokered deal finally end the DRC - Rwanda conflict?
Read More »
Patrice Talon, President of Benin Photo @Patrice Talon/Facebook
Benin coup attempt foiled as ECOWAS warns of regional force deployment
Read More »
William Ruto, President of The Republic of Kenya. Photo: @ William Ruto/Facebook
Ruto strengthens 2027 re-election bid as UDA sweeps key Kenya by-elections
Read More »

Latest Posts

Latest news insights