Angolans Desperate for Dollars Offered Euros as Supply Wanes
- Major provider of dollars to Angola to halt supplies Nov. 30
- Banks offer customers euros as alternative to greenback
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Some Angolan banks running low on dollars are offering customers euro notes and other foreign currencies after a distributor said it could no longer supply U.S. cash.
“We are advising our clients to use more euros, rands and even renminbi,” Fernando Teles, chief executive officer of Banco BIC SA, Angola’s biggest private bank by branches, said Thursday from Luanda, the capital. Some customers with dollar accounts may convert their money into euros before making a cash withdrawal, he said.