International Reserves in Angola

Angola International Reserves | Economic News & Forecasts

Angola - International Reserves

Storm clouds have been gathering on the horizon in recent weeks in part due to the Covid-19 pandemic. Saudi Arabia and Russia continued their oil price war in early April, which flooded the market amid weakened global demand and dragged heavily on prices. Consequently, in April, Cabinda crude oil prices fell to an over two-decade low, while oil production fell to a five-month low. This should have weighed on exports at the start of the second quarter, and also increases the risk of default given the country’s large public debt and high reliance on oil revenues. Moreover, private consumption and business outlays are expected to have suffered amid continued kwanza depreciation—the currency was down 17.3% year-to-date on 22 May—stoking price pressures, and the government’s extension of the state of emergency until 25 May. However, some lockdown restrictions have now been eased, which should prop up activity somewhat.

Angola - International Reserves Data

2015   2016   2017   2018   2019  
International Reserves (USD)23.8  23.7  17.5  15.4  16.3  

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Angola International Reserves Chart

Angola International Reserves
Note: International reserves, months of imports.
Source: Central Bank of Angola

Angola Facts

Value Change Date
Exchange Rate479.00.0 %Jan 01
Stock Market0.10.0 %Jan 07

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