ANGOP - Angola Press News AgencyANGOP - Angola Press News Agency

Go to homepage
Luanda

Max:

Min:

Home » News » Economy

Thu, 28 Feb 2019 13:31 - Updated Thu, 28 Feb 2019 13:30

BNA makes available USD 1.6 billion in Letters of Credit

Luanda - Between September 2018 and last January, the National Bank of Angola (BNA) made available 1.6 billion Dollars to open letters of credit for the payment of merchandise abroad.

Send by email

To share this news by email, fill out the information below and click Send

Correct

To report errors in the texts of articles published, fill out the information below and click Send

BNA Building - Luanda

Photo: Angop

Of this amount USD 923.43 million have already been liquidated and represents 56 percent, according to BNA Foreign Exchange Repatriation department director, Veloso Pedro.


Food products account for 44 percent of the value of the Letters of Credit issued by the National Bank of Angola for payment abroad.


The Regulation on the Letter of Credit came into force in September 2018, to adjust the new payment model in the purchase of merchandise abroad.


The official, who was speaking on the annual cycle of lectures on International Trade under Letters of Credit, explained that September 2018 was the period in which BNA made more foreign exchange available, reaching USD 516.17 million.


 

Tags Banco  

Read also
  • 24/02/2019 11:32:34

    Central Bank promotes conference on payment by letters of credit

    Luanda - The Angolan National Bank (BNA) will hold a conference called "International Trade under Letters of Credit" next Wednesday 27 in Luanda.

  • 06/02/2019 13:37:59

    BANC bank shuts down

    Luanda - The Angolan Trade and Business Bank (BANC) shuts down its activities this Wednesday, after presenting deficient management model and due to fact that the partners failed to comply with minimum legal requisites of the Angolan financing system.

  • 30/01/2019 11:26:46

    Commercial banks' assets quality gets assessment in April

    Luanda - The National Bank of Angola (BNA) is to assess the quality of the assets of the commercial banks as from April this year, with a view to learning about the financial health of these institutions, said on Tuesday in Luanda the BNA governor, José de Lima Massano.