Angola’s net foreign Exchange Reserves stood at USD 8.140 billion until 23 December, which is sufficient to cover 10 months of import.
Foreign exchange reserves had been fluctuating since January 2020, with the figure moving from USD 11, 331 million (12 months of import coverage) to USD 8.140 million (10 months of import coverage), until 23 December.
There was also a reduction of 4.3 percent in the prices of the exported goods. The index of exchanges recorded a negative variation from 47.5 percent in September, 2019 to 44.7 percent in September this year.
According to National Statistics Institute (INE), the Index of Export and Import Prices (OPI) and the indexes of Single Unit provided an approach to the real indexes of prices in sectors.
The prices of the exported goods had a reduction of 43.3 percent in September in relation to the previous month.
The group of products that contributes more to the variety of export prices are diamond with about 0.036%, agricultural products (0.022%) and the food products (0.003%) respectively.
The export sector not only recorded a variation of downgrade in trade exchange but also registered high prices for some products.
Those with increase in price are footwear with 10.2%, some agricultural products (9.4%) and clothing (8.9%).
Minerals and ores had the greatest decrease in export prices were with a negative variation of 30.1 percent.