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Angola: Declining net international reserves [The Morning Call]

Angola: Declining net international reserves [The Morning Call]

The Morning Call

A worrying trend in Angola is raising concerns about the country’s economy.

Since João Lourenço took over the presidency in September 2017, the country’s net foreign exchange reserves have fallen by 32%. From US$ 15.6 billion to US$10.6 billion today.

This is the lowest value recorded over the last 12 years. In December last year, the country’s gross international reserves shrank to $16.16 billion against $18.23 billion a year earlier.

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The Morning Call

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The Morning Call

The Morning Call is about you. We want to share your opinions on our programme. If you want to contribute to The Morning Call, here are the best ways to get in touch : For more details on how to contribute, click here.