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Angola Best bank: Banco de Fomento Angola |
As is the case with Nigeria, the global collapse in oil prices has had repercussions in the banking sector in Angola. Meanwhile, the government continues to push through polices to de-dollarize the economy, limiting the amount of foreign currency used in transactions. Banks in Angola, which heavily rely on foreign currency business for profit, have thus been hit on two fronts and have found themselves struggling.
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