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Banco De Desenvolvimento De Angola
Banco de Desenvolvimento de Angola (English: Development Bank of Angola) (BDA) is the public bank of Angola , national_anthem = " Angola Avante"() , image_map = , map_caption = , capital = Luanda , religion = , religion_year = 2020 , religion_ref = , coordina ... to finance investments in "strategic long-term economic development" of the country. It was created July 2006 by government decree No. 37/06. The BDA administers the ''Fundo Nacional de Desenvolvimento - FND'' (National Development Fund - NDF) which is supplied by 5% of the fiscal results of the petroleum industry of Angola and 2% of the fiscal results of the diamond activities of Angola. In 2008, the bank financed projects worth 8.7 billion Kwanzas, corresponding to about $ US 116 million. External links and sources Banco de Desenvolvimento de Angola Banks of Angola Development finance institutions {{DEFAUL ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Angola
, national_anthem = " Angola Avante"() , image_map = , map_caption = , capital = Luanda , religion = , religion_year = 2020 , religion_ref = , coordinates = , largest_city = capital , official_languages = Portuguese , languages2_type = National languages , languages2 = , ethnic_groups = , ethnic_groups_ref = , ethnic_groups_year = 2000 , demonym = , government_type = Unitary dominant-party presidential republic , leader_title1 = President , leader_name1 = João Lourenço , leader_title2 = Vice President , leader_name2 = Esperança da CostaInvestidura do Pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Angolan Kwanza
The kwanza (sign: Kz; ISO 4217 code: ) is the currency of Angola. Four different currencies using the name kwanza have circulated since 1977. The currency derives its name from the Kwanza River (Cuanza, Coanza, Quanza). Overview First kwanza, AOK, 1977-1990 Kwanza was introduced following Angolan independence. It replaced the escudo at par and was subdivided into 100 ''lwei''. Its ISO 4217 code was ''AOK''. Coins The first coins issued for the kwanza currency did not bear any date of issue, although all bore the date of independence, "11 de Novembro de 1975". They were in denominations of 50 lwei, 1, 2, 5 and 10 kwanzas. 20 kwanza coins were added in 1978. The last date to appear on these coins was 1979. Banknotes On 8 January 1977, banknotes dated 11 DE NOVEMBRO DE 1975 were introduced by the Banco Nacional de Angola (National Bank of Angola) in denominations of 20, 50, 100, 500, and 1000 kwanzas. The 20 kwanza note was replaced by a coin in 1978. Novo kwanza, AON, 19 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Angola
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
