29 January 2013

Angola: Reserve Bank Official Rules Out Currency Change

Luanda — The reserve bank (BNA) governor, José de Lima Massano, ruled out on Tuesday a probable chance of currency operation, following the appearance of new bank notes and coins of Kwanza, Angop has learnt.

He also said that the issuing of new bank notes cannot be confused with the change of currency, as the current bank notes of Kwanza will stay in circulation and must be normally accepted in commercial and financial transactions, until their progressive withdrawn in the market.

José de Lima Massanos said these notes will be in possession of the population, through banking network and shops, adding that at BNA headquarter and in its regional delegations posts are open for the acquisition of new metallic coins.

The new coins will come into force on February 18, whereas the bank notes on March 22, 2013.

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.