Angola: Devaluation of the Kwanza Forces Readjustment of Insurance Premiums

Luanda — The devaluation of the national currency – the Kwanza (AOA), against the US dollar and the Euro, in the Angolan foreign exchange market will force “Aliança Seguros”, insurance company to readjust the value of the premiums of the services provided.

According to the Aliança Seguros administrator, Marco Mendes, the ongoing exchange rate gap leads to a loss of results and margins in operations.

In the last weeks, one US Dollar is worth 824 kwanzas, at the exchange rate of the National…