Wed, 05 Jun 2019 16:16 - Updated Wed, 05 Jun 2019 16:16
BNA plans direct sale of currency from oil companies to banks
Luanda - Angola Reserve Bank (BNA) is working along with Oil companies on direct sale of the foreign currency to commercial banks.
Send by email
To share this news by email, fill out the information below and click Send
To report errors in the texts of articles published, fill out the information below and click Send
BNA governor José de Lima Massano
Photo: Rosario dos Santos
The BNA governor José de Lima Massano, who confirmed the strategy, said that currently the procedure is carried out through the tripartite agreement.
He meant that the oil companies identify their critical suppliers.
Massano said the BNA is working with the Oil Operators Association to set a timetable.
The governor spoke of some situations that impacted on the organisation of the market on the acquisition of currency, which, according to him, also put pressure on the exchange rate.
While returning these operations to the commercial banks, the Central Bank wants to make sure that they occur within a framework of stability and contribute to the development of the economy.
He quoted the international reserves, divided into three categories - resources from the Central Bank, Treasury resources and resources from commercial banks.
According to him, the international resources, held in BNA, come from oil sector.
- 25/04/2019 11:53:30
Luanda - The ATM Express (MCX Express) application, created by the interbank service company, EMIS, will gradually dematerialize the use of ATM-cards in the country.
- 28/03/2019 09:30:05
Luanda -The World Bank is preparing a new USD 1, 8 billion credit portfolio for Angola for the implementation of social and economic projects in some provinces of this African country.
- 23/03/2019 16:14:05
Luanda - Angola’s National Reserve Bank (BNA) will reduce on the whole the fees and commissions currently levied for all transactions in foreign currency in 60-day deadline, the BNA governor, José Lima de Massano has announced.