National Bank of Angola and US Federal Reserve gathered in New York

New York – Managers of the National Bank of Angola (BNA) and the US Federal Reserve are due to meet this Wednesday, in New York, in a period that the African country is trying to recover the trust of American banks.

According to the BNA governor, Jose de Lima Massano, the meeting is expected to be an opportunity to share ideas concerning the current developments.

Speaking to the press, the BNA official added that the meeting will also serve to understand the worries of the US Federal Reserve concerning the Angolan market.

After this, we’ll continue to work to overcome the insufficiencies, said the Angolan manger.

Meanwhile, added the BNA governor, this will be the starting point, after which Angola will offer greater security to American banks and investors.

In November 2015, the Federal Reserve suspended the sale of the US dollar to Angola-based banks.

The stance of the US Federal Reserve was based on alleged systematic violation of regulation rules of the sector and suspicions that the country was financing terrorist groups.

However, the information was refuted by the American Embassy in Angola, justifying that the access to US dollar depends on economic decisions taken by private banks worldwide.

Source: Angola Press News Agency

National Bank of Angola and US Federal Reserve gathered in New York

New York – Managers of the National Bank of Angola (BNA) and the US Federal Reserve are due to meet this Wednesday, in New York, in a period that the African country is trying to recover the trust of American banks.

According to the BNA governor, Jose de Lima Massano, the meeting is expected to be an opportunity to share ideas concerning the current developments.

Speaking to the press, the BNA official added that the meeting will also serve to understand the worries of the US Federal Reserve concerning the Angolan market.

After this, we’ll continue to work to overcome the insufficiencies, said the Angolan manger.

Meanwhile, added the BNA governor, this will be the starting point, after which Angola will offer greater security to American banks and investors.

In November 2015, the Federal Reserve suspended the sale of the US dollar to Angola-based banks.

The stance of the US Federal Reserve was based on alleged systematic violation of regulation rules of the sector and suspicions that the country was financing terrorist groups.

However, the information was refuted by the American Embassy in Angola, justifying that the access to US dollar depends on economic decisions taken by private banks worldwide.

Source: Angola Press News Agency