Country's exchange rate stable - says Reserve Bank governor

Luanda - The governor of the Angolan National Reserve Bank (BNA), José de Lima Massano, considered on Wednesday stable the country's exchange rate.

In addition, the official said that over the last five months the rate varied less than 0.5 per cent, having recorded the regular supply of currencies in the market.

According to him, over USD 7.5 billion were made available by BNA, and thus representing about 19 per cent with regard to the amount sold in the market if compared to the same period of the previous year.

José Massano said that despite the country's reserves have increased and covered seven months and half of imports, it is necessary to continue to stimulate the production and business capacity, so that macroeconomic stability may be extensive to the social gains.

José Massano, who addressed the closing act of the 2nd forum on the Angolan Banking, said that the progresses recorded in the pace of the national economy represent the commitments of the authorities of Angola with the protection and valorisation of incomes, with the creation of an environment of trust that stimulate growth.