Angola stops foreign currency loan issuance

The National Bank of Angola has banned commercial banks in the country from issuing loans in foreign currency.

This is the latest attempt to limit the use of the dollar in Angola. Governor Jose de Lima Massano has embarked on a plan to raise confidence in the local currency, the kwanza, since he was appointed in October 2010.

Exceptions to the new rule can be made for borrowers such as the government and businesses with proven "revenues and receivables" in foreign currencies, the central bank

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