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

Pile of gold bullion coins and bars. Photo by Zlaťáky @ Unsplash
DR Congo opens first gold refinery to enhance value addition
Read More »
Oil train. Photo by Jakub Pabis @ Unsplash
Iran war shock: Why Africa’s economies are suddenly in the firing line
Read More »
The Central Business District of Kigali, Rwanda. Photo by Andreas @ Pixabay
Rwanda’s Development Bank launches $17.7m sustainability-linked bond to deepen green finance
Read More »

Recent Politics

Uganda president Yoweri Kaguta Museveni. Photo: Yoweri Kaguta Museveni/Facebook
Can Museveni’s leadership and a new funding model rescue East Africa from chronic cash crises?
Read More »
Nigeria young voters protest for reforms. Photo by Ayoola Salako @ Unsplash
Nigeria’s 2027 election raises political risk for investors
Read More »
Edwin Sifuna, Kenya's ODM secretary-general. Photo: Edwin W Sifuna/Facebook
Is Edwin Sifuna Kenya’s new Raila Odinga?
Read More »

Latest Posts

Latest news insights