Angola says no devaluation in sight

The Central Bank of Angola is not planning to devalue the kwanza and will resist speculative attempts to weaken the national currency, said Ricardo Viegas de Abreu, a deputy governor of the central bank on Tuesday.

Angola is Africa's second biggest oil producer and relies on oil for 90% of its revenues and was affected by the global plunge in oil prices. The decline in oil revenue had sparked a kwanza sell-off on fears of devaluation. However, Abreu moved to soothe investor concern saying the ce

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: