National Bank of Angola
Angola’s president replaces two deputy governors
Manuel Antonio Tiago Dias and Suzana Maria de Fátima Camacho Monteiro appointed as deputy governors as president continues to overhaul senior leadership
National Bank of Angola opens currency museum
The museum receives 2,000 visitors in its first four days; exhibits the history of the currency, from sea shells to today's banknote series
Angolan authorities request help from IMF
IMF to start talks with authorities regarding an economic programme, which one analyst believes exceeds loan received after financial crisis
Angolan central bank hikes again amid soaring inflation
Inflation breaches 20% in February prompting central bank to raise interest rates to 14%; new governor continues tightening cycle in attempt to curb prices
Angola appoints new governor as de Morais departs
Silva takes over from de Morais as part of a government reshuffle; has previously provided counsel to country’s vice-president
National Bank of Angola no longer on FATF monitoring list
Angola makes “significant progress” in improving AML/CFT regime; one of three countries removed from monitoring list, alongside Algeria and Panama
Angola central bank’s new website draws on emerging best practices
Responsive website launched for 2016; work in Brazil, Portugal, South Africa and UK were ‘points of reference’ in process
Bank of Namibia defends currency deal with Angola
Namibia's central bank addresses stakeholders' concerns over its currency conversion agreement with the National Bank of Angola, including the latter’s ability to buy back kwanza
Angolan central bank rejects public designs for new coins
Applicants failed to meet the requirements of the competition launched for the design of two new coins. The National Bank of Angola will now develop the motifs of the 50 and 100 kwanzas
People: New deputies in Angola as defence expert gets top Israel IT job
Two new deputy governors for National Bank of Angola; University of Chicago professor joins Slovak central bank board; defence expert takes on top IT job at Bank of Israel
National Bank of Angola to ‘coerce’ banks into parting with their dollars
Angola’s central bank will intervene when banks deny dollars to their customers, in the face of a shortage of foreign currency due to plunging oil prices
Ex-finance minister replaces Angolan governor after shock resignation
José de Lima Massano resigns from the National Bank of Angola; the President accepts his resignation and appoints former finance minister to succeed him
Coins and notes with same value to circulate in Angola
Angola’s central bank will issue two new coins in November, of 50 and 100 kwanzas, which will circulate with equal denomination banknotes
National Bank of Angola works on deposit guarantee fund
National Bank of Angola has built a framework for a deposit guarantee fund in the country, which the governor says will cover ‘around 90% of depositors’
Angolan central bank looks to boost BESA capital by $4.3 billion
National bank of Angola sets out plans to recapitalise BESA; Novo Banco will get a 9.9% stake in the bank and receive $850 million over ten years in restructuring deal
National Bank of Angola separates financial regulation from supervision
Central bank is restructuring its operating model, making a ‘clear separation between the exercise of developing standards and the role of monitoring [their] implementation’
Bank of Portugal intensifies central bank cooperation programme
The Bank of Portugal completed 105 projects by September this year; the majority of which were conducted with central banks from other Portuguese-speaking countries
Angolan kwanza and Namibian dollar will ‘appreciate’ on back of central bank deal
Angola and Namibia’s central banks signed a currency conversion agreement that will ‘contribute to the appreciation’ of their currencies, according to José de Lima Massano
Angolan central bankers appointed to BESA board
Angola’s president has appointed two central bankers to oversee the implementation of a rescue programme to save the local subsidiary of Portugal’s Banco Espírito Santo
Angola launches new notes and coins, cuts base rate
Notes incorporating new security features to be phased in during the first half of 2013; base rate cut to 10% as inflation hits ‘record low' of 9% per annum
Angolan governor praises inflation targeting
José de Lima Massano says the National Bank of Angola’s inflation targeting policy has brought inflation down to ‘single digit’; says policy helps prick speculative bubbles and encourages investment
Video: National Bank of Angola’s David Carvalho on reserves allocations to Brics
Angolan central bank looks to invest in Brazilian, Chinese and African debt as it reassesses its reserves guidelines in light of the eurozone debt crisis and persistently low US Treasury yields
Angola stops foreign currency loan issuance
National Bank of Angola bans commercial banks from issuing loans in foreign currency
Angola appoints new governor
Commercial bank head José de Lima Massano joins National Bank of Angola following government reshuffle