Angola: BNA Reduces Banks' Mandatory Reserves From 21 to 19 Percent

Luanda — The National Bank of Angola (BNA) on Friday decided to reduce the mandatory national currency reserves from 21 to 19 per cent, a measure which, among others, increase credit in the economy.

This measure, adopted on Friday at the meeting of the BNA Monetary Policy Committee (CPM) five months after the Central Bank cut its coefficient from 30 to 21% of the compulsory reserves applied to deposits of customers of commercial banks, according to the currency, one of the measures intended to halt inflation at the time.

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