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Angola: Central Bank holds first currency auction

Wed, 07 Oct 2020 10:32 - Updated Wed, 07 Oct 2020 10:32

Luanda - Angola’s Central Bank (BNA) holds Wednesday (07) the first term currency auction to sell USD 25 million, with effective settlement in D+30.

BNA announced in its note reached Angop that the auction will be open to participation by all commercial banks, under the same conditions applicable to current foreign currency auctions.

The introduction of term auctions will enable Central Bank to make the foreign exchange market more predictable and contribute to the informed evolution of the exchange rate.