The Central Bank does not expect changes in exchange rates which could create instability or impair the inflation reduction process
How will the foreign exchange reform evolve?
- This is a process of continuous adjustment based on market forces. The flexibilization of the exchange rate will gain more dynamism as the number of participants on the supply side increases, especially in an export diversification scenario, even if it's progressive. Angola will now start a program with the International Monetary Fund (IMF) and some adjustments may have to be made, especially regarding the current account operation, which may impact exchange rates. In any case, and despite the reliance on oil exports, we are not expecting any changes that could cause instability or new uncertainties in the foreign exchange market.
Read more in Jornal de Angola