Angola stops allocating foreign exchange to import some articles

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Angola stops allocating foreign exchange to import some articles

The Angolan Government today gave up allocating foreign exchange for the import of a set of products, including vegetables, legumes and industrial processing, whose production already satisfies the internal demand.
The decision was approved today at the eighth ordinary meeting of the Economic Commission of the Council of Ministers, held under the guidance of the Angolan President, João Lourenço.
Speaking to the press at the end of the meeting, the Angolan minister of Industry and Commerce, Victor Fernandes, said that the Economic Commission of the Council of Ministers decided that for those products, namely beans, tomatoes, onions, mash, strawberry, sweet potatoes , garlic, carrots and bottled water, among others, whose internal capacity can already satisfy demand, there will no longer be the allocation of foreign currency for its import with ordinary resources from the treasury.
“In other words, products of this nature will only be imported with their own resources, with their own currencies. The currency of the treasury will not be allocated for this import of products, whose domestic production already satisfies the demand ”, stressed the minister.
According to Victor Fernandes, these products have, in some cases, a high domestic production capacity, but which are not yet able to satisfy demand, but there are others that are proven to be able to satisfy this internal demand.

Source: economyaominuto

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