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Economy / Angola

Macroeconomic Forecast Angola

March 2009 | Macroeconomic Forecasts

BMI View: The Angolan kwanza is set to remain under depreciatory pressure over the coming months amid subdued oil prices. We see scope for a devaluation of the pegged currency to AOA80.00/US$ over the short term, followed by a further move to AOA87.00/US$ by end-09.

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