Between 19 and 23 June, the BNA made sales of câmbio (foreign exchange) to the market in the amount of EUR 88.6 million, of which EUR 38.6 covered Letter of Credit operations.
The Statement from the BNA
Money and Exchange Markets
Foreign Exchange (câmbio) Market
In the period under review, the BNA made sales of foreign exchange to the market in the amount of EUR 88.6 million (equivalent to USD 99.0 million) for the following operations:
EUR 38.6 million to cover Letter of Credit operations guaranteed by the BNA, to meet the needs of various sectors;
- 22.8 million to cover operations in Various Sectors;
- 8.9 million to cover Travel, Family Aid, Health and Education operations;
- 8.9 million to cover Credit Card operations;
- 5.4 million to cover operations in the Air Transport Sector;
- 1.4 million to cover operations by Ministries and State Agencies;
- 2.5 million to cover Health Sector operations.
The average US dollar selling reference exchange rate on the primary câmbio or foreign exchange market, calculated at the end of the week, was USD=Kz 166.742. For more info about kinguila hoje câmbio visit kinguilahoje.com.
The average Euro selling reference rate on the primary foreign exchange market, calculated at the end of the week, was EUR=Kz 186.296.
For the day-to-day management of the National Treasury, the National Bank of Angola. As a State operator, placed Treasury Bonds in the amount of Kz 22.8 billion on the primary market, as follows:
- i) Kz 17.9 billion in Treasury Bills (BT);
- ii) Kz 4.9 billion in Treasury Bonds indexed to the exchange rate (OT-TXC).
The OT-TXCs issued were in maturities of 3 and 5 years at nominal interest rates of 7.00% and 7.50% per year. The average interest rates calculated for BTs with maturities of 91, 182 and 364 days were-
- i) 16.14% pa for 91 days;
- ii) 20.25% pa for 182 days;
iii) 23.90% pa for 364 days.
In the segment of direct sale of securities to the public, the amount of Kz 1.2 billion was placed in BT with maturities of 91, 182 and 364 days and OT with maturities of 3 and 5 years.
For the purposes of monetary regulation, the BNA carried out open market operations (OMA) in the amount of Kz 44.9 billion. With maturities of 7, 28 and 63 days, at average interest rates of 7.50%, 11.00% and 13.00% per year, respectively.
Interbank Money Market
On the interbank market, commercial banks carried out liquidity-providing operations with each other without securities. In the accumulated amount of Kz 29.9 billion, with maturities ranging from 1 to 31 days. At an average interest rate between 18.30% at 22 .40% pa.
The overnight LUIBOR (1 day), calculated on the last day of the week. Based on the aforementioned liquidity provision, stood at 22.40% pa, unchanged from the previous week.
The LUIBOR for maturities of 30, 90, 180, 270 and 360 days stood at 18.48% pa, 19.94% pa, 21.57% pa, 22.76% pa. and 24.37% pa. with a variation of -0.15pp, -0.29pp; -0.26pp; 0.27pp and -0.23pp respectively for maturities of 90, 180, 270 and 360 days, compared to the previous week.
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