10 December 2012

Angola: Cabinet Council Meets On Tuesday

Luanda — The Cabinet Council will hold on Tuesday its first extraordinary session to discuss, among others, the political and economic situation of the country.

The meeting will take place at Luanda's Presidential Palace under the guidance of the Head of the Executive, José Eduardo dos Santos.

In the last session of the Economic Commission of the Cabinet Council, held on 6 December, was considered important to continue with the measures that are being implemented by the Angolan National Reserve Bank (BNA) in the application of the new operational framework of the Monetary Policy, aiming for the preservation of the value of the national currency.

So, it was approved the need of transiting from the current regime of setting inflation objectives to a regime establishing the inflation goals.

On the other hand, the Economic Commission deliberated that it should be reviewed the regulation of the Exchange Law and regulation of Private Investments Law, so as to improve the impact of the measures for putting aside the use of dollar in the national economy.

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