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Angola’s Central Bank; Only Commercial Banks Authorised To Sell Forex To Public

 

“National Bank of Angola (BNA) has implemented a new exchange rate framework which, among other measures, gives commercial banks the responsibility of selling foreign currency to citizens and companies that need it,” the bank said in a statement.

“Requests for the purchase of foreign currency must be submitted only to commercial banks, with the exception of large importers of medicines and/or foodstuffs,” it added.

Since the peg was abandoned, the kwanza has lost over 20 percent of its value to the dollar, while persistent shortages of foreign tender over the past half-decade have seen a currency black market flourish.

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