News

March 06, 2017

Monetary and Foreign Exchange Markets

Monetary and Foreign Exchange Markets - Period from 27 to 03.03.2017

1. Foreign Exchange Market

In the period under review, the BNA performed sales of foreign exchange in the amount of  EUR 409,2 million (equivalent to USD 457,3 million) especially for the following operations:

EUR 90,1 million for coverage of operations related to Food;
EUR 89,5 million for coverage of operations related to the Needs in the Oil Sector;
EUR 78,7 million for coverage of operations related to the Industry sector;
EUR 26,8 million for coverage of operations related to the Expatriate Salaries;
EUR 22,5 million for coverage of operations related to Several Companies.
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 15,6 million for coverage of operations related to the State’s Bodies;
EUR 13,6 million for coverage of operations related to Health Sector - Medicines;
EUR 13,3 million for coverage of operations related to the Letters of Credit.
EUR 9,0 million for coverage of operations related to the Transport Sector (parts and accessories);
EUR 4,5 million for coverage of operations related to the Hotel and Tourism Sector;
EUR 5,4 million for coverage of operations related to the Currency Exchange Bureau;
EUR 4,5 million for coverage of transactions related to Remittance Operators;

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 166,279.
The average reference exchange rate of the EURO of the primary foreign exchange market, ascertained at the end of the week was EUR = Kz 186,283.

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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 of KZ 34.3 billion, being:

I) Kz 34,0 billion in Treasury Bills (TB’s); and 
II) Kz 300,0 million in Treasury Bonds (Securities Indexed to the Exchange Rate).

The SI-ER’s were issued in the maturities of 3 at nominal interest rates, of 7.00% per year.

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

I. 16.12% py for 91 days;
Ii. 23.19% py for 182 days;
Iii. 23.94% py for 364 days.

In the direct sales segment of securities to the public was placed the amount of Kz 1.6 billion, being:

• Kz 727,0 million in in TBNC/ER (Treasury Bonds in National Currency Indexed to the Exchanged Rate) in the maturity of 3 years;

• Kz 860,0 billion in Treasury Bills in the maturities of 91, 182 and 364 days.

3) Monetary Transactions

For the purposes of monetary regulation, the BNA has carried out open market operations (OMA) in the amount of Kz 18.1 billion, in the maturities of 7 and 14 days, at average interest rates of 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 44.2 billion in overnight maturities of 4 and 7 days, at average interest rates of 18.00%py, 23.67%py and 23.75%.

5) LUIBOR

The overnight LUIBOR (1 day), determined in the last day of the week, based in the liquidity providing mentioned 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 19.29%py, 21.34%py, 22.49%py, 23.68%py and 24.02%py with variation between -0.01pp and 0.01pp in all the maturities, compared to the previous week.



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