Luanda — The sale of foreign currency from the Oil and Gas sector to Angolan commercial banks reached USD 259.8 million in March, less USD 19.9 million in relation to the previous period.
The foreign currencies were purchased by commercial banks, for a total of 73 transactions, at a weighted average rate of USD/KZ 521.073.
Last February, the foreign exchange sales in the oil sector stood at 279.5 million US dollars, for a total of 90 transactions, at a weighted average rate of USD/KZ 506.604.
The BNA said in a note reached Angop that the operations were carried out within the framework of notice 13/19, which allows commercial banks to purchase foreign exchange from the oil and gas sector.
The Central Bank stopped on January 2, 2020 to buy foreign currency from oil companies, passing on operations to commercial banks.
Since 2014, the oil companies have been selling foreign currency directly to the BNA, to ensure the payment of foreign exchange residents.
