Angolan banks given new forex responsibilities amid shortage
Requests for foreign currency now must be submitted to commercial entities
The National Bank of Angola has delegated responsibility for providing the general public with foreign exchange to commercial banks, as it continues to overhaul its exchange rate framework.
In a statement published on February 12, the central bank announces there are “limitations on the amounts of foreign currency available for sale to the economy. This requires careful management of currencies in order to satisfy the needs of citizens and businesses to the greatest extent possible.”
Under the
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