Oil sector sells USD 279 million in foreign exchange transaction to banks

Luanda – The sale of foreign currency from the oil and gas sector to commercial banks in February this year was around USD 279 million, for a total of 90 transactions, resulting in a weighted average rate of USD/KZ 504,60.

A note from the National Bank of Angola (BNA), to which ANGOP has had access, also informs that in the interbank foreign exchange market nine transactions were registered, resulting in a total of USD 22 million and a weighted average rate of USD/KZ 506,9.

Last January, within the framework of the entry into force of the BNA Notice 13/19, which allows commercial banks to buy foreign currency from the oil and gas sector, in February, oil companies sold to commercial banks almost USD 280 million.

Source: Angola Press News Agency