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Angola , Thursday 16 April 2026

Angola's kwanza is Africa's worst-performing currency so far this year

Published on: Monday 12 June 2023

Angola's kwanza is Africa's worst-performing currency so far this year By Rachel Savage JOHANNESBURG (Reuters) - Angola's kwanza is Africa's weakest currency against the dollar so far this year after a 21% plunge in the past month, with analysts flagging low oil prices and an increase in debt payments pushing the central bank to stop propping it up. The kwanza was trading at 637.30 per U.S. dollar on Monday, having weakened from 506.00 on May 15. It had been


News source: https://www.msn.com/en-us/money/markets/angolas-kwanza-is-africas-worst-performing-currency-so-far-this-year/ar-AA1crQUt

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