News

February 20, 2017

Monetary and Foreign Exchange Markets

Monetary and Foreign Exchange Markets - Period from 13 to 17.02.2017

1. Foreign Exchange Market

In the period under review, the BNA performed sales of foreign exchange in the amount of  182.3 million euros (equivalent to USD 203.7 million) especially for the following operations: 

EUR 26.9 million in a price auction for coverage of operations in the Oil Sector;
EUR 31.0 million for coverage of operations related to the Industry sector;
EUR 23.9 million for coverage of operations in Several Companies;
EUR 19.7 million for coverage of operations related to the Needs of in the Energy and Water Sector;
EUR 17.9 million for coverage of operations related to travels, family support, health and education;
EUR 17.9 million for coverage of operations related to credit cards;
EUR 13.7 million for coverage of operations related to the Needs of the State´s Subsidiary Bodies;
EUR 10.2 thousand for coverage of operations related to the Agricultural Sector;
EUR 9.7 thousand for coverage of operations related to Health Sector;
EUR 8.1 million for coverage of operations related to Food;
EUR 3,3 thousand for coverage of operations related to the Fisheries sector;

The average exchange rate of sale reference of the US Dollar of the primary foreign exchange market, determined at the end of the week was USD = Kz 166.733.

The average reference exchange rate of sale reference of the EURO of the primary foreign exchange market, ascertained at the end of the week was EUR = Kz 186.287.

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2. Tax Transactions

For the current management of the National Treasury, the National Bank of Angola, as a State Operator, placed in the primary market Treasury Securities in the amount Kz 49.2 billion, being:

• Kz 48.2 billion in Treasury Bills (TB´s);
• Kz 1.0 billion in Treasury Bonds (Securities Indexed to the Exchange Rate).


The SI-ER’s were issued in the maturities of 3 and 7 years to the nominal interest rates of 7.50% and 8.00% py, respectively.

The average interest rates determined for the Treasury Bills in the maturities of 91, 182 and 364 days, having been set in:

• 16.30% py for 91 days;
• 23.28% py for 182 days;
• 24.00% py for 364 days.

In the direct sales segment of securities to the public was placed the amount of Kz 1.5 billion, being:

Kz 742.9 million in TBNC/ER (Treasury Bonds in National Currency Indexed to the Exchanged Rate) in the maturity of 3 years;

Kz 787.3 million in Treasury Bills in the maturities of 91, 182 and 364 days.

These emissions marked the beginning of the Treasury Bonds' internal issuance program in 2017.


3. Monetary Transactions

For the purposes of monetary regulation, the BNA carried out open market operations (OMA) in the amount of Kz 25.0 billion in maturities of 7, 28 and 63 days, at average interest rates of 7.50%, 11.00% and 13.00% py, respectively.


4. Interbank Money Market

In the interbank market, the commercial banks held with each other liquidity-providing operations without securities guarantee, in the cumulative amount of Kz 23.2 billion, in overnight maturities of 5 days, at average interest rates between 23.50% py and 23.68% py.


5. LUIBOR

The overnight LUIBOR (1 day), determined in the last day of the week, based in the liquidity providing above, it stood at 23.67% py, without variation compared to the previous week.

The LUIBOR for the maturities of 30, 90, 180, 270 and 360 days stood at 19.46% py, 21.27% py, 21.56% py, 22.71% py and 23.14% py, with variation of 0.21pp and 0.58pp in all the maturities, compared to the previous week.

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