Bloomberg News

Angola Foreign Reserves Decline to $26.6 Billion in February

April 03, 2012

Angola’s foreign-currency reserves dropped to $26.6 billion in February from $27.1 billion in the previous month, the Luanda-based central bank said on its website today.

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.

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

To contact the editor responsible for this story: Jerrold Colten at jcolten@bloomberg.net


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