Angola’s central bank has added the Chinese yuan as a fourth eligible currency for bank reserve requirements, alongside the dollar, euro and rand, effective 6 July 2026.
Africa · Southern
Key Facts
—The directive. Banco Nacional de Angola issued Directive No. 05/2026 on 2 July, effective 6 July, adding the yuan to eligible reserve currencies.
—The basket. Commercial banks can now hold mandatory foreign-currency reserves in US dollars, euros, South African rand, and Chinese yuan.
—The debt. Angola owes China roughly US$17 billion, about one-third of its total public debt, mostly in oil-backed loans.
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