Angola Central Bank releases timetable of foreign currency auctions
The National Reserve Bank (BNA) said that it will release every month's last work day the amount of currency and timetable for its operation in the foreign exchange market for the next month to ensure greater predictability to the market.
The BNA announced so in its website, stressing that the process will start in September with sale equivalent to USD 700 million.
This includes locks for letters of credit, through 8 (eight) auctions.
Check bellow the timetable:
Day of the Week
Date
Monday
03 September
Wednesday
05 September
Monday
10 September
Wednesday
12 September
Monday
17 September
Wednesday
19 September
Monday
24 September
Wednesday
26 September
The amount, currency and purposes will be announced to commercial banks 24 hours before the launch of each auction, according to the source.
Source: Angop