Angop - Agência de Notícias Angola Press

Banking sector resumes direct correspondence with US

Sat, 30 Nov 2019 13:11 - Economy

Luanda - The governor of the National Reserve Bank of Angola (BNA), José de Lima Massano, said on Friday in Luanda that there is already a direct correspondence relationship between the banking sectors of Angola and the United States.

  • Angolan central bank (bna) governor, José de lima Massano.

''We are pleased to see that some commercial banks already have correspondents in the market of the United States of America,” Lima Massano said at a press conference following the meeting of the Monetary Policy Committee (CPM).

Meetings between officials of the BNA and the US Federal Reserve (FED) have been held with a view to strengthening relations and recovering the US currency in banking operations in Angola.

The relationship between the FED and the correspondent banks was interrupted in 2016, a situation that aggravated the foreign exchange crisis that the country has been experiencing since 2014.