Luanda – International Reserves stood at USD 14.1 billion in January this year, accounting for an annual 5.5% growth compared to the same period last year.
With six months of coverage for imports of goods and services, reserves decreased, in monthly terms, of approximately 2.4%, which corresponds to USD 347.2 million, compared to December 2022, states the weekly report from Banco de Fomento de Angola, reached ANGOP.
In its website, Angola Reserve Bank (BNA) put at USD 14 billion the daily evolution of international reserves map available.
BNA added that the figure remained until the first week of February, despite a slight reduction reported, compared to the last day of January.
Managed by the Central Bank, the international reserves are assets in foreign currencies that basically serve as “insurance” for the country’s economy to face its obligations abroad and external shocks, such as a stronger devaluation of the local currency.
Surveys show that the largest reserves in the world are from China (USD 3.2 trillion), Saudi Arabia (USD 2.2 trillion) and Japan (USD 1.2 trillion).
Source: Angola Press News Agency