Kwanza

Angola Maintains Key Interest Rate at 19.5% to Combat Inflationary Pressures

2 months ago

In a decisive move aimed at controlling the soaring inflation that has plagued its economy, the Central Bank of Angola announced that it will keep its benchmark interest rate unchanged at 19.5%. This decision comes as authorities grapple with a rapidly changing economic landscape, characterized by persistent price hikes and increasing cost of living for citizens.

Angola's Central Bank Infuses $150 Million in Foreign Currency to Local Banks

4 months ago

In a bid to stabilize the national currency and foster greater liquidity within the financial sector, the Central Bank of Angola has announced the injection of $150 million in foreign currency into local financial institutions. This strategic maneuver is aimed at rejuvenating Angola's economy, which has faced its fair share of challenges, including fluctuations in oil prices and a depreciating local currency, the kwanza.

Angola's Kwanza Predicted to Hold Steady Amid Economic Stability

4 months ago

Angola's central bank has projected that the national currency, the kwanza, will maintain its stability through the end of 2024. This optimistic outlook is rooted in proactive measures taken by the Angolan government to safeguard the economy and mitigate inflationary pressures. The optimistic sentiment mirrors Angola's broader economic strategy aimed at sustaining growth and fostering investor confidence.