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