Angola has already lost more than 13 billion USD of its international reserves in just 10 years.

International reserves correspond to foreign currency reserves such as dollar, which ensure the importation of various necessary goods and services. In the case of Angola, the current values ​​available only allow up to seven months of import, and these reserves are still falling.

Angola's net international reserves raised, in 10 years, to almost half, or 46.9%, leaving $ 27.7 billion in 2014, to only 14.7 billion to December 31 of last year reveal the statistics of the National Bank of Angola (BNA), compiled by Deloitte.

In all, the country has missed a total of $ 13 billion, a drop that is justified by Deloitte with the “fruit of the significant increase in the volume of imports in the country”.

According to Deloitte, international reserves correspond to foreign currency reserves as dollar, which ensure the importation of various goods and services necessary.

“Over the past 10 years, Angola's gross international reserves have retreated to half, from 27.7 billion USD in 2014 to 14.7 billion USD by 2023 (…),” the leader's experts attest to the experts of the leader's experts. financial services and global audit.

According to the latest data from the National Bank of Angola for the first 4 months of 2024, Angola's level of reserves totals 14.4 billion USD, representing a 1.7% reduction compared to Stock on December 31 2023 and the equivalent of more than 7 months of imports of goods and services in the country.

According to analysts, this behavior thus enables the threshold of the average agreed by the Southern African Development Community (SADC), which recommends values ​​above 6 months of imports, being well above the recommendation of the international monetary fund for a minimum 3 months coverage level.

Angola has already lost more than 13 billion USD of its international reserves in just 10 years

International reserves correspond to foreign currency reserves such as dollar, which ensure the importation of various necessary goods and services. In the case of Angola, the current values ​​available only allow up to seven months of import, and these reserves are still falling.

Jun 24, 2024 - 12:44
Angola has already lost more than 13 billion USD of its international reserves in just 10 years
© Photography by: DR
Angola has already lost more than 13 billion USD of its international reserves in just 10 years

Angola's net international reserves raised, in 10 years, to almost half, or 46.9%, leaving $ 27.7 billion in 2014, to only 14.7 billion to December 31 of last year reveal the statistics of the National Bank of Angola (BNA), compiled by Deloitte.

In all, the country has missed a total of $ 13 billion, a drop that is justified by Deloitte with the “fruit of the significant increase in the volume of imports in the country”.

According to Deloitte, international reserves correspond to foreign currency reserves as dollar, which ensure the importation of various goods and services necessary.

“Over the past 10 years, Angola's gross international reserves have retreated to half, from 27.7 billion USD in 2014 to 14.7 billion USD by 2023 (…),” the leader's experts attest to the experts of the leader's experts. financial services and global audit.

According to the latest data from the National Bank of Angola for the first 4 months of 2024, Angola's level of reserves totals 14.4 billion USD, representing a 1.7% reduction compared to Stock on December 31 2023 and the equivalent of more than 7 months of imports of goods and services in the country.

According to analysts, this behavior thus enables the threshold of the average agreed by the Southern African Development Community (SADC), which recommends values ​​above 6 months of imports, being well above the recommendation of the international monetary fund for a minimum 3 months coverage level.