A worrying trend in Angola is raising concerns about the country’s economy.
Angola: Declining net international reserves [The Morning Call]
Since João Lourenço took over the presidency in September 2017, the country’s net foreign exchange reserves have fallen by 32%. From US$ 15.6 billion to US$10.6 billion today.
This is the lowest value recorded over the last 12 years. In December last year, the country’s gross international reserves shrank to $16.16 billion against $18.23 billion a year earlier.