Five hundred million US dollars is the value of currency that the National Bank of Angola (BNA) has available for sale at price and quantity auctions, for this month of August, 100 million more compared to the month of July.
According to a note from the Central Bank, after each session it will publish, on its portal, the maximum and minimum exchange rates allowed, as well as the average exchange rate resulting from the session.
In June, the BNA made available the equivalent of 400 million dollars in foreign currency through price and quantity auctions.
For this week, all commercial banks can now participate in the auction, after the suspension was lifted, imposed on 19 financial institutions on Tuesday, in the week 22 to 26 July, for not having presented the execution reports of the currencies obtained in the auction last week (no. 44/2019, of July 15) or for presenting an execution below 50%.
In weeks 22 to 26, only seven commercial banks were qualified to participate in the Central Bank’s currency auction, namely Standard Chartered Bank, Standard Bank, Finibanco, BPC, BDA, Banco Comercial Angolano, with 19 being excluded for not submitting the financial report. execution of the previous edition.
The following were excluded from the aforementioned auction: Millenium Atlântico, BAI, Caixa Geral Angola, Banco Comercial do Huambo, BCI, Banco de Crédito do Sul, Banco Económico, BFA, BIC, Banco de Investimento Rural, Banco Kwanza Invest, Banco Micro-Finanças, BNI, Banco Prestígio, Banco Valor, Sol, VTB and Banco Yetu.