Bloomberg News

Angola Sells $350 Million of Foreign Currency in Week to Feb. 17

February 22, 2012

Feb. 22 (Bloomberg) -- Angola’s central bank sold $350 million at foreign-currency auctions in the week to Feb. 17, Banco Nacional de Angola said.

The kwanza sold at an average rate of 95.538 per dollar, little changed from 95.537 a week earlier, the Luanda-based central bank said an e-mailed statement today.

The bank’s overnight Luanda interbank offered rate, or Luibor, increased to 6.48 percent from 6.41 percent previously, it said.

--Editors: Paul Richardson, Alastair Reed.

To contact the reporter on this story: Candido Mendes in Luanda, Angola at cmendes6@bloomberg.net.

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


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