National Bank of Angola to ‘coerce’ banks into parting with their dollars

Angola is suffering a shortage of dollars

The National Bank of Angola will adopt a "coercive attitude" towards commercial banks that are refusing to provide dollars to some of their clients in the face of a greenback shortage in the country.

The central bank says it is "aware that some financial institutions operating in the domestic banking market have proceeded inappropriately, harming the interests of customers" by failing to provide dollars.

Banks are "depriving" clients of "using and moving the deposited funds" and, in doing so, ar

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: