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Angola Allows Banks to Use CNY for Reserve Requirements on July 6

2026-07-20 08:35:34

According to Bloomberg, Angola's central bank permitted commercial banks to use Chinese yuan (CNY) to satisfy foreign exchange reserve requirements on July 6, placing it alongside the U.S. dollar, euro, and South African rand. The move is designed to reduce currency conversion costs and improve liquidity conditions.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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