Monday, July 13, 2026

Angolan Banks Add Chinese Yuan to Foreign-Currency Reserve Requirements

 360 Angola posted on 10 July 2026 an article titled "Angola's Central Bank Adds Chinese Yuan to Foreign-Currency Reserve Requirements."

The National Bank of Angola has determined that commercial banks operating in the domestic market must now include the Chinese renminbi (yuan) as an eligible currency for making mandatory foreign-currency reserve requirements.  This decision is an indication of Angola's deepening financial ties with China.