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Sunday, 27 May 2018

Angola: BNA reduces banks’ mandatory reserves from 21 to 19 percent

Angola: BNA reduces banks’ mandatory reserves from 21 to 19 percent

27 May 2018, Sweetcrude, Luanda — The National Bank of Angola (BNA) on Friday decided to reduce the mandatory national currency reserves from 21 to 19 percent, a measure which, among others, increase credit in the economy. This measure, adopted on Friday at the meeting of the BNA Monetary Policy Committee (CPM) five months after …

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