Angola Sells $100M In Forex Auction

Angola’s central bank has sold $100 million at a foreign-currency auction.

Angola’s central bank has sold $100 million at a foreign-currency auction, Bloomberg reports. Banco Nacional de Angola has so far sold around $3.2 billion foreign-currency to commercial banks in 2011. The Luanda-based lender sold around $11.6 billion in forex to banks last year. Banco Nacional de Angola will also specify conditions under which commercial banks can give loans in dollars.

Click here for the story from Bloomberg.