News

May 23, 2016

Money and Foreign Exchange Markets

Money and Foreign Exchange Markets - From 16.05 to 20.05.2016

1. Foreign Exchange Market 

In the period under review, the BNA performed sales of foreign exchange in the amount equivalent to USD 77.4 millions (EUR 69.2 millions), being:

1. EUR 711.2 thousand for coverage of the needs of the Ministry of Justice and Human Rights;

2. EUR 5.6 millions for coverage of several operations from the Executive;

3. EUR 35.8 millions for coverage of BPC –External Responsibility;

4. EUR 26.4 millions for coverage of several directed operations.

The average exchange rate of sale reference of the US Dollar of the primary foreign exchange market, determined at the end of the week was USD=Kz 166.708.

The average exchange rate of sale reference of the EURO of the primary foreign exchange market, determined at the end of the week was EUR=Kz 186.262.

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2. Tax Transactions

For the current management of the National Treasury, the National Bank of Angola, as a State operator, placed in the primary market Treasury Securities in the amount of Kz 84.8 billions, being:

i) Kz 66.9 billions in Treasury Bills (TB’s); and 

ii) Kz 17.8 billions in Treasury Bonds (TB’s). 

The Treasury Bonds issued were in the maturities of 2, 3 and 5 years and the nominal interest rates, respective, of 7.00%, 7.25% and 7.75% per year.

The average interest rates determined for the Treasury Bills in the maturities of 91, 182 and 364 days, with variation between 0.03pp, 0.41pp and 0.90pp compared to the last week, having stood at:

i. 14.89%py for 91 days;
ii. 17.82%py for 182 days;
iii. 19.88%py for 364 days.

In the direct sales segment of securities to the public was placed the amount of Kz 4.5 billions, being:

  • Kz 1.5 billions in Treasury Bills, for maturities of 91, 182 and 364 days;
  • Kz 3.1 millions in TBNC/ER (Treasury Bonds in National Currency Indexed to the Exchanged Rate) for maturities of 2 and 3 years.


3. Monetary Transactions

For the purposes of monetary regulation, the BNA has carried out open market operations (OMO) in the amount of Kz 11.2 billions, for maturities of 28 and 364 days. 


4. Interbank Money Market

In the interbank market, the commercial banks held with each other liquidity-providing operations without securities guarantee, in the accumulated amount of Kz 18.0 billions, in different maturities. 

The average daily turnover of transactions was Kz 3.6 billions, lower by about 44.95% compared to the last week. 

5. LUIBOR

The overnight LUIBOR (1 day), determined in the last day of the week, based in the liquidity-providing above, it stood at 14.01%py, without variation compared to the last week.

The LUIBOR for the maturities of 30, 90, 180, 270 and 360 days stood at 14.18%, 15.72%, 16.60%, 17.29% and 17.85%, per year, respectively, registering slight variations in all maturities,  between -0.09pp and 0.36pp, compared to the last week. 

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