Angola still owes Namibia N$2.5 billion
Bank of Namibia deputy governor Ebson Uanguta says Banco Nacional De Angola owes them approximately N$2.5 billion following a currency conversion agreement that was implemented three years ago.
According to him, the Angolan central bank will fulfil its obligation to Namibia by the end of next year and have always made their payments to Namibia on a timely basis.
He provided the update during a courtesy call by the Angolan monetary authorities to President Hage Geingob at State House this morning. “A schedule is being followed and there are still four payments to be done. What is remaining is about US$200 million (N$2.5 billion),” said Uanguta. The Angolan central bank still has two payments to be made this year and will settle the outstanding amount owed to the Bank of Namibia by the end of next year, Uanguta said. “We are still expecting two payments this year and two final payments next year.”
OGONE TLHAGE
UPDATE: Deputy governor of the Bank of Namibia, Ebson Uanguta.
According to him, the Angolan central bank will fulfil its obligation to Namibia by the end of next year and have always made their payments to Namibia on a timely basis.
He provided the update during a courtesy call by the Angolan monetary authorities to President Hage Geingob at State House this morning. “A schedule is being followed and there are still four payments to be done. What is remaining is about US$200 million (N$2.5 billion),” said Uanguta. The Angolan central bank still has two payments to be made this year and will settle the outstanding amount owed to the Bank of Namibia by the end of next year, Uanguta said. “We are still expecting two payments this year and two final payments next year.”
OGONE TLHAGE
UPDATE: Deputy governor of the Bank of Namibia, Ebson Uanguta.
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