Angola Asks Citizens to Curb Foreign-Currency Use Amid Shortage
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Angola’s central bank asked companies and citizens to cut foreign-exchange use by 50 percent amid a dollar shortage caused by dwindling revenue from oil and diamond exports.
Africa’s second-biggest oil producer “won’t have more foreign exchange available soon,” the state-run broadcaster Televisao Publica de Angola reported on Monday, citing central bank Governor Jose Pedro de Morais Junior. A spokesman for the central bank didn’t immediately respond to Bloomberg’s request for comment.