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Sat, 30 Nov 2019 13:11 - Updated Sat, 30 Nov 2019 13:11

Banking sector resumes direct correspondence with US

Luanda - The governor of the National Reserve Bank of Angola (BNA), José de Lima Massano, said on Friday in Luanda that there is already a direct correspondence relationship between the banking sectors of Angola and the United States.

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Angolan central bank (bna) governor, José de lima Massano.

Photo: António Escrivão

''We are pleased to see that some commercial banks already have correspondents in the market of the United States of America,” Lima Massano said at a press conference following the meeting of the Monetary Policy Committee (CPM).

Meetings between officials of the BNA and the US Federal Reserve (FED) have been held with a view to strengthening relations and recovering the US currency in banking operations in Angola.

The relationship between the FED and the correspondent banks was interrupted in 2016, a situation that aggravated the foreign exchange crisis that the country has been experiencing since 2014.

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