News

February 27, 2017

Monetary and Foreign Exchange Markets

Monetary and Foreign Exchange Markets - Period from 20 to 24.02.2017

Monetary and Foreign Exchange Markets - Period from 20 to 24.02.2017

1.  Foreign Exchange Market

In the period under review, the BNA performed sales of foreign exchange in the amount of EUR 348.6 million (equivalent to USD 389.5 million) especially for the following operations:

EUR 126.4 million for coverage of operations related to food;
EUR 53.7 million for coverage of operations related to the Oil Sector;
EUR 26.2 million for coverage of operations related to Agricultural Sector;
EUR 37.6 million for coverage of operations related to the Transport Sector (Parts and Accessories);
EUR 18.7 million for coverage of operations related to the Industry Sector;
EUR 17.9 million for coverage of operations related to Credit Cards;
EUR 17.9 million for coverage of operations related to Airlines Companies;
EUR 17.9 million for coverage of operations related to travels, family support, health and education;
EUR 17.2 million for coverage of operations related of several companies;
EUR 5.4 million for coverage of operations related to the currency exchange bureau;
EUR 4.5 million for coverage of operations related to the bank recovery and external responsibilities of the BPC;
EUR 4.5 million for coverage of transactions related to remittance operators; 
• EUR 880.2 thousand for coverage of operations related to expatriates salaries;

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 exchange rate of sale reference of the EURO of the primary foreign exchange market, determined 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 of Kz 103.5 billion, being:

I) Kz 102.5 billion in Treasury Bills (TB´s); and
Ii) Kz 1.0 billion in Treasury Bonds (Securities Indexed to the Exchange Rate).


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

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

I. 16.13% py for 91 days;
Ii. 23.24% 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 3.5 billion, being:

• Kz 1.3 million TBNC/ER (Treasury Bonds in National Currency Indexed to the Exchanged Rate) in the maturity of 3 years;
• Kz 2.2 billion in Treasury Bills in the maturities of 91,182 and 364 days.

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

3. Monetary Transactions

For the purposes of monetary regulation, the BNA has carried out open market operations (OMA) in the amount of Kz 3.0 billion, in the maturities of 7 days, at interest rate of 7.50% per year.

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 8.7 billion, in overnight maturities of 5 days, at average interest rates between 23.60% py and 23.70% py.

5. LUIBOR

The overnight LUIBOR (1 day) determined in the last day of the week, based in the liquidity-providing aforementioned, 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 19.32% py, 21.32% py, 21.97% py, 23.17% py and 23.55% pa % with variation of -0.14pp and 0.46pp in all the maturities, compared to the previous week.

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