Luanda - Angola's Gross International Reserves in August stood at USD 16.7 billion, compared to USD 16. 1 billion in 2018.
Despite a slight drop, since October 1 this year, the international reserves remain stable in their stock, despite the COVID-19 pandemic
hitting the world since December 2019.
The stock stood at USD 16.405 billion on October 1, and on the 4th of the same month it was 16.367 billion, with 16.336 on 5th, and 16.298 billion (06/10), for 21.28 months of import coverage of goods and services.
According to BNA's daily statistical map on international reserve developments, in 2020 there were USD 14.8 billion, more than USD 3 billion down compared to 2019 stocks, whose record was USD 17.2 billion.
In 2017, the international gross reserve closed at USD 18. 2 billion, being the highest records in the last four years.
The high stock of international reserves enabled the countries to form an "anti-crisis" insurance, guaranteeing liquidity in the economy in times of collapse that allow them to avoid excessive depreciation of their currency and have greater room for manoeuver and keep the macroeconomic policies going.
