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Angola: Reserve Bank Sells U.S 300 Million to Commercial Banks in Angola

2015/04/07

A total of Usd 300 million has been sold by the Angola Reserve Bank (BNA) to commercial banks from March 30 to April 2 this year, Angop learned from the institution?s website.

According to the source, in the above transactions, BNA used the banking reference exchange rate of Usd=Akz 109,059.

The BNA has as well released into the market Akz 9.6 billion worth of treasury bonds, of which Akz 7.4 billion in treasury bills and Akz 2.2 billion in securities.

The securities have been traded in the maturities of 2, 3, 4 and 5 years on respective interest rates of 7,0% , 7,25% and 7,77% a year.

The average interest rate for the Treasury Bills was 6,78% with maturities of 364 days, recording a variation of -0,86 % in relations to the previous week.

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