Angola's currency at record low after central bank devaluation

September 10, 2015 3:45 PM

47 0

LUANDA, Sept 10 Angola's currency fetched a record low on the interbank market on Thursday after a devaluation by the central bank, dipping to 130.442 to the dollar from 126.411, according to the bank's web site.

Angola, Africa's second largest crude producers, has been hit hard by a sharp fall in oil prices. Currencies across the continent have been hammered by a broad-based slump in commodity prices.

Also read: Ex-1MDB Investigator Appointed as Malaysia’s Central Bank Governor

Read more

To category page