Tue, Sep 16, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Angola foreign reserves drop to $12.2 bln in May

Posted on 25 June 2009

From Reuters: Angola’s exchange reserves dropped to $12.2 billion in May from $12.4 billion in April, the central bank announced on Wednesday, but the recent rise in oil prices has helped slow down the rate of the decline.

Analysts said they expected Banco Nacional de Angola’s (BNA) foreign exchange reserves to increase in coming months if oil prices remain at around $70 per barrel. Angola rivals Nigeria as Africa’s biggest oil producer…….Full Article: Source


 Article link

This post was written by:

VRS - who has written 14746 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
September 2014
M T W T F S S
« Aug    
1234567
891011121314
15161718192021
22232425262728
2930