22 February 2013

Angola: Economic Commission Analyses Currency Whereabouts Availed to Economy

Luanda — The Economic Commission of the Angolan Cabinet Council last Thursday in Luanda checked, in its memorandum, the sold foreign currency whereabouts availed to the economy, estimated at USD 18.612 million, representing an absolute growth of USD 3.723 million, if compared to the year 2011.

According to the press note released at the end of the meeting, led by the Angolan President, José Eduardo dos Santos, the commercial banks stated that they had sold in the secondary market foreign currencies valued at USD 24.150.3 million against USD 11.775.3 million in 2011, representing a growth of 105.1%.

The Executive's economic team also analysed cash account draft plan for March, estimated at AKZ 315.351 million, and the annual plan of public debts for 2013valued at AKZ 588.5 million, as well as the total payment flow worthed at AKZ 334.681 million, corresponding to expenditure period.

The Economic Commission approved a series of organisational actions, aimed at harmonising the relationship among the various work commissions.

The gathering equally assessed the development of the monetary, exchange and external accounts markets, for the period that goes from 11 to 15 February 2013, in which it was informed that there has been a decrease on the price of crude oil (Brent) to 1.04 per cent.

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