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Economy / Angola

Kwanza Revaluation Threat To Recede

August 2008 | Economic Analysis

BMI View: The surge in inflation and money supply growth over May-July increases the odds of a revaluation of the Angolan kwanza at first glance. However, the medium-term trend for moderating oil prices and a strengthening US dollar augurs for maintenance of the current exchange rate level, in our view.

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