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View Full Version : Angola May Drop Kwanza Peg on Oil, Diamond Sales, Absa Says - Bloomberg



NewsWhore
03-05-2009, 01:40 AM
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Angola May Drop Kwanza Peg on Oil, Diamond Sales, Absa Says (http://news.google.com/news/url?sa=T&ct=us/1-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601116%26sid%3Da3l2fOMMEvrg%26refer%3Dafrica&cid=0&ei=fHSvSfagLdSfmAfEtuHtAw&usg=AFQjCNEy1-qx25IxJZlMYyfKa-8qO1YgKA)
Bloomberg
By Garth Theunissen March 4 (Bloomberg) -- Angola may be forced to abandon its currency’s peg to the dollar as the global recession cuts demand for oil and diamonds, the country’s dominant exports, according to Barclays Plc-owned Absa Capital. ...


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