Reserve Fund for Oil
Country: Angola
Established: 2004
US$ Billion: >0.2
Origin: Oil
Transparency Rating: 1
Summary:
Angola's Reserve Fund for Oil was initially approved by the Council of Ministers in September 2004. The Fund was approved to act as a cushion for Angola's future fiscal deficits. Excess reserves, resulting from the price difference of oil in reference to a U.S. $22.6 per barrel rate, are managed in the fund by the National Bank of Angola.
News and Updates
2/9/2008
Location
Website
National Bank of the Republic of Angola
Republic of Angola Ministry of Finance
1. All figures quoted are from official sources, or, where the institutions concerned do not issue statistics of their holdings, from other publicly available sources.
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