US Dollar now costs 287,226 kwanzas

Luanda – The Angolan currency Kwanza has suffered a new depreciation against the US Dollar and accumulates a 42 percent loss, since the entry into force on January 9 of the floating exchange rate regime, with the currency auction of the National Reserve Bank of Angola (BNA).

In the auction, the National Bank of Angola made available to commercial banks USD 55 million to cover commercial, private and delayed operations with proof of entry of goods in the country.

From this session, the reference exchange rate of AKz 287,226 was calculated for each Dollar.

The 19 reference banks contributed to the calculation of the reference exchange rate, with the highest rate being AKz 287,483 and the lowest AKz 286,910 per USD.

Due to this auction, the Euro is now quoted at 333,480 kwanzas.

At the last auction, held on September 11, the dollar was traded 285,845 kwanzas.

Source: Angola Press News Agency

US Dollar now costs 287,226 kwanzas

Luanda – The Angolan currency Kwanza has suffered a new depreciation against the US Dollar and accumulates a 42 percent loss, since the entry into force on January 9 of the floating exchange rate regime, with the currency auction of the National Reserve Bank of Angola (BNA).

In the auction, the National Bank of Angola made available to commercial banks USD 55 million to cover commercial, private and delayed operations with proof of entry of goods in the country.

From this session, the reference exchange rate of AKz 287,226 was calculated for each Dollar.

The 19 reference banks contributed to the calculation of the reference exchange rate, with the highest rate being AKz 287,483 and the lowest AKz 286,910 per USD.

Due to this auction, the Euro is now quoted at 333,480 kwanzas.

At the last auction, held on September 11, the dollar was traded 285,845 kwanzas.

Source: Angola Press News Agency