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Angolan Currency Reserves Decline to an Eight-Year Low: Chart
Angolan Currency Reserves Decline to an Eight-Year Low: Chart
28 Mar 2018, 09:01 PM IST
(Bloomberg) -- Foreign-currency reserves in Angola, Africa’s second-biggest oil producer, declined to $12.8 billion in February, the lowest since January 2010, central bank data show. The southeast African nation, whose reserves peaked at $34 billion in September 2013, is curbing the amount of money airlines can take out of the country amid a persistent shortage of foreign currency, the International Air Transport Association said in January.
To contact the reporter on this story: Simbarashe Gumbo in Johannesburg at sgumbo3@bloomberg.net.
To contact the editors responsible for this story: Mark Evans at mevans8@bloomberg.net, Ana Monteiro, Sheldon Reback
©2018 Bloomberg L.P.
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