Angola: FX reforms are painful but encouraging

Angola: FX reforms are painful but encouraging

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Summary

 It’s encouraging to see the Banco Nacional de Angola (BNA) committed to structural reforms, despite the severity of the Balance of Payments (BOP) shock the Angolan economy is facing. These developments clearly bode well for investor sentiment and further supports the macroeconomic adjustment, that many would argue is perhaps long overdue

Source: Standard Bank Group

Published: 2020

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