Angola’s foreign exchange reserves rose to $15.32 billion in August 2026, increasing from $15.08 billion in July. This steady growth strengthens national external buffers and supports domestic currency stability.
According to latest market data from the National Bank of Angola, this upward movement provides crucial support for import cover. Maintaining higher liquidity helps stabilize the local foreign exchange market.
Based on an average monthly import bill of roughly $2.4 billion to $2.5 billion, the latest figure provide approximately 6 to 6.2 months of import cover for the North African Country.
Historically, reserves in the country have averaged $20.14 billion from 2011 until 2026. Current figures remain below this long-term average as policymakers navigate evolving macroeconomic and fiscal pressures.
The nation’s reserves previously reached an all-time high of $34.02 billion in September 2013. That historic peak contrasted sharply with a record low of $13.35 billion in January 2022.
The recent upward trend highlights a modest recovery from past multi-year lows. Improved oil revenues and cautious fiscal management have contributed to this incremental rebuilding of external assets.
Price fluctuations in crude petroleum significantly impact export earnings and directly influence the central bank’s ability to accumulate foreign currency.
Furthermore, international debt obligations require consistent dollar outflows. Balancing these external debt services while building reserves remains a critical challenge for the National Bank of Angola.
Market observers will analyze upcoming central bank reports. These upcoming publications will reveal whether the current cautious accumulation trend sustains momentum through the final quarter of the year.
