Oil Price Fall: Angola Currency And Foreign Reserve Now Worse Than Nigeria's - Gossip Transporters

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Tuesday, 13 February 2018

Oil Price Fall: Angola Currency And Foreign Reserve Now Worse Than Nigeria's

Reports have it that Angola local currency the Kwaza is currently trading at between 450-530 in the black market. Their reserve is seriously depleted since 2014 when oil price began to fall. 

The currency has always been much stronger than the naira, and it was what some people used to rubbish the current government two years ago. Now that the currency is weaker, what do they have to say?

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