Angola Press Agency (Luanda)

Angola: Economic Commission Records Rise in Banks' Liquidity

8 March 2013

Luanda — The Cabinet Council Economic Commission recorded on Thursday, the increase of about AKZ 2.035 million of liquidity in local currency from banks, from 25 to 28 February.

The information is contained on the press release from the Cabinet Council meeting led by the Head of State, José Eduardo dos Santos, which analysed among other issues, the Evolution Markets Monetary, Exchange Rate and External Accounts.

Angop learnt that it was alo analysed the drop of the oil price (Brent) per barrel in 2.38%.

However, the document reads that b the exchange rates in the primary and informal market recorded the depreciation of 0.01% and 0.16%, respectively; while in the secondary market there was a value of 0.54%.

In the operations at exchange market, the Angolan Reserve Bank (BNA) sold to commercial banks currencies amounted at USD 255.00 million, thus allowing to rinse the market liquidity estimated at AKZ 24.530.44 million.

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