National Treasury provides 300 million dollars to commercial banks.

The National Bank of Angola informs that the National Treasury today makes a total of USD 300 million available to the market for commercial banks.

The occurrence takes place at a time when the BNA presented the Evolution of the Foreign Exchange Market and its Perspectives, following the last Meeting of the Monetary Policy Committee (CPM), where it was mentioned that the preliminary information for February of the current year would register a sale of foreign exchange.

According to the note published on this institution's website, the amount will be available throughout the week until it runs out.

To this end, the document adds, that daily currency sales sessions will be held on the Bloomberg Platform, through the STA (Single Tenor Action) command, from 9:00 am to 11:00 am, and commercial banks will also be able to purchase currency foreign country, through the RFQ (Request for Quote) command until 1:00 p.m.

The BNA intends to mitigate possible operational constraints in the settlement of operations, Commercial Banks may resort to the Liquidity Provision Facility with the National Bank of Angola, and may also resort to the Liquidity Provision Facility at maturity of 7 days, as long as they have Open Market Operations with the Central Bank due within the aforementioned period.

BNA data shows that Angola recorded an increase of more than 200 million dollars in the availability of foreign currency in January, rising from 600 million/month to 836 million dollars.

National Treasury provides 300 million dollars to commercial banks

The National Bank of Angola informs that the National Treasury today makes a total of USD 300 million available to the market for commercial banks.

Feb 14, 2024 - 15:54
National Treasury provides 300 million dollars to commercial banks
© Photography by: DR
National Treasury provides 300 million dollars to commercial banks

The occurrence takes place at a time when the BNA presented the Evolution of the Foreign Exchange Market and its Perspectives, following the last Meeting of the Monetary Policy Committee (CPM), where it was mentioned that the preliminary information for February of the current year would register a sale of foreign exchange.

According to the note published on this institution's website, the amount will be available throughout the week until it runs out.

To this end, the document adds, that daily currency sales sessions will be held on the Bloomberg Platform, through the STA (Single Tenor Action) command, from 9:00 am to 11:00 am, and commercial banks will also be able to purchase currency foreign country, through the RFQ (Request for Quote) command until 1:00 p.m.

The BNA intends to mitigate possible operational constraints in the settlement of operations, Commercial Banks may resort to the Liquidity Provision Facility with the National Bank of Angola, and may also resort to the Liquidity Provision Facility at maturity of 7 days, as long as they have Open Market Operations with the Central Bank due within the aforementioned period.

BNA data shows that Angola recorded an increase of more than 200 million dollars in the availability of foreign currency in January, rising from 600 million/month to 836 million dollars.