29 January 2013

Angola: Reserve Bank Reassures People About New Bank Notes

Photo: Google
Angolan Kwanza.

Luanda — The Reserve Bank (BNA) governor, José de Lima Massano, on Tuesday here reassured the people and ruled out the possibility of the circulation of the Akz 5,000 bank note saying this would cause inflation in the internal market, Angop learnt.

The official said so at the official launching of the new families of bank notes, adding that the appearance of the mentioned bank note will not increase the financial value of the money in possession of the public.

It will be altered its composition, as the appearance of new bank notes will be done in the proper measure of the value of the current family of bank notes that were handed over to the BNA, meaning the financial value of the bank notes that will come into force at the market will be equal to that one that will be seized, says José de Lima Massano.

He also said that there will have no influence on the credit balance of the monetary basis or of the payment means.

Ads by Google

Copyright © 2013 Angola Press Agency. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.