The President of the World Bank Group, David Malpass, has warned that Nigeria’s parallel exchange rate is harmful as it worsens future debt service payments and increases the risk of debt distress. Malpass said this in a blog post titled ‘Parallel Exchange Rates: The World Bank’s Approach to Helping People …
Read More »COVID-19: IMF Approves $1billion in funds for Angola
The International Monetary Fund said it had authorised an immediate $1 billion disbursement to Angola under an existing programme on Wednesday, and raised its overall access to funding by $765 million to help it contend with the coronavirus pandemic. The decision of the IMF Executive Board was made after the …
Read More »Central Bank of Angola to Release Recyclable Banknotes from July 30
The central bank of Angola will release new banknotes starting July 30, the Chinese news agency Xinhua reported, quoting José de Lima Massano the bank’s governor. According to the official, the new issues will concern notes of 200, 500, 1,000, 2,000, and 5,000 kwanzas. They will be made of polymer, …
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