Angola Revised Foreign Reserves Rise to $30.71 Billion in May
The Luanda-based Banco Nacional de Angola revised its foreign-currency reserve figures for May and April since Bloomberg News obtained a preliminary central bank document on its foreign reserves on June 18.
The foreign-currency reserves are at the highest since at least Dec. 2009, according to data published on the Banco Nacional de Angola’s website. 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.
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