Angolan kwanza and Namibian dollar will ‘appreciate’ on back of central bank deal
Treaty allows direct exchange without using foreign currencies
The new currency conversion agreement between the National Bank of Angola and the Bank of Namibia, which allows direct exchange between the kwanza and the Namibian dollar, will "contribute to the appreciation" of the countries' currencies, according to the Angolan governor, José de Lima Massano.
In his speech after signing the agreement yesterday, Massano explained the agreement nullifies the need to use a third currency when exchanging between the Kwanza and dollar, "eliminating one of the
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