27 July 2011
Luanda — Angola’s net foreign reserves rose from Usd 17.3 billion in December 2010 to Usd 21.4 billion on June 30 this year, Angop learned Wednesday in Luanda.
The information was released by Angola Reserve Bank (BNA) governor, Jose Lima Massano, who said the above figures represent a 23,6 percent variation accumulated from early this year and a quarterly 19,71 percent variation.
The official was speaking at a press conference called for an assessment of Government performance in the second quarter of this year.
Speaking about BNA priorities in terms of monetary and exchange policy, Jose Massano said his institution sold to the country’s commercial banks since early this year foreign values estimated at Usd 7.0 billion.
He said the Government monetary policy priority includes fight against inflation, supply of credit to economy and reduction of customs costs associated with basic foodstuffs, with a view to bringing their prices down.
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Nation’s Foreign Reserves Put At Usd 21.4 Billion