Bloomberg News

Angolan Foreign Reserves Rise to $26.46 Billion in January

February 17, 2012

Feb. 17 (Bloomberg) -- Angola’s foreign-currency reserves rose to $26.46 billion in January from a revised $25.9 billion in the previous month, a preliminary document from Angola’s central bank showed.

Oil exports from Angola, Africa’s biggest producer after Nigeria, account for more than 90 percent of the country’s foreign-currency earnings, according to the World Bank.

--Editor: Antony Sguazzin

To contact the reporter on this story: Henrique Almeida in Lisbon at halmeida5@bloomberg.net

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net


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