small things, just high light, dont have any rigorous research here write something to kill time, I should write something too

1. Angolan Economic Crises
And Collapse of Angolan Financial System
JULY 2016, PhD PRESENTATION Resume
By
Eduardo Cambinda

2. In 2015 Angola economy Collapse
Due to climbing of oil prices
• Introduction
• The Angola Crise and Foreign exchange Collapse
• The Power of Kingila
• Listen to The People
• What Cause the Angolan foreign Exchange Collapse
• Government Policy Implication
• Conclusion

3. Introduction
After Civil War, the Angolan economy
experienced a boom on rising Oil
Money. The economy suffered its worst
year in 2015 with a total collapse of the
Financial System. The Angola National
Bank (BNA) banned all the foreign
Exchange transactions such as
a)western Union, b) money Gram, c)
swift transfer, d)visa deposit leaving
citizens no option to survive
worldwide.

4. The Angolan
Crises and
foreign Exchange
Collapse
Angola GDP is comes 67th in the world according to
2016 ranking, Dollar demand from importers is high, the
Banks are limited from International transactions the
value of a Kwanza has depreciated.
BNA is the regulator of Financial System accordingly to
BNA notice n.º 1/16, of 12/04/2016 issued by the
constitution I.ª Série, n.º 57. Everyone is allowed in daily
transaction of foreign exchange though it’s apparently on
a ban.
The same Regulator Banned all Financial transactions
and Financial Intermediation in foreign exchange.
No one is allowed to send money via swift transfer,
Money Transfer Abroad, The famous VISA “Kumbu" is
not rechargeable right now, Students and some Angolan
Diplomats are not able to get money for income billing.

5. Power of The
Kingilas
Kingila (Money changer) is a person who sells foreign
currency on the Streets of Angola informally. They are the
players, guiding the Currency trade, Angola only produces
oil and diamonds for trade but imports everything making
the tax rates so high as well as the demand for foreign
currency. The Banks are not able to satisfy the elasticity of
Demand and the inflation is overpowered .
Public Debit is high , equity is negative, swift transfer,
money gram, western Union and other kinds of transfer
are banned in Angolan Financial System right now.
The central Bank is overnighted with uncertain policies to
save the Global trend money Markets.
With economy based ON IMPORT of goods, the
Companies are not Able to get foreign exchange trade due
to the Ban by BNA, the Singulars are now the New
Regulators in Foreign exchange, they are guiding the
Money Exchange due to poor Knowledge of Money
Multiplier of BNA.

6. Listen to The
People Via
Facebook
1-Uni-Teacher From Bie: “ Oil
price crash, it put the economy
down and full control of
national revenue down”
2-Uni-teacher from Huila “ The
m o s t p r o b l e m i s h i g h
c o r r u p t i o n , w e s h o u l d
educated our politician”

7. Listen to the
people via
Facebook
3-Angolan top Politicians “High corruption in
Government, Embezzlement, there was 130
Billion Dollars fund rising from oil sector,
it was badly managed and now the country is
bankrupt”
4-Executive in Private sector “the high rate of
corruption In government keeps us at a crisis”
5-Police officer “ things are not good here,
food now is very expensive i can’t afford it”

8. Listen to the
people via
Facebook
6-Angolan Student in Brazil :
“
there are many factors in Angolan
financial System Collapse:
1-Oil price barrel price falling down,
Decrease of the US foreign oil demand
against OPEC.
2. Angolan economy depend on oil and
lower human resources
3-The high rate of corruption in country’’

9. Foreign
Exchange
Collapse
I have Listen 20 people via facebook, Politician,
Executives, Diplomats, University Lecture.
10 of them focus in Corruption, 2 in human
resources, 8 in oil cash
The politician are not qualified to do their duties,
Low Human Resources in Country, High Corruption
rates, full oil dependency and other factors are
noticed to be the biggest problem in Angola, how
to move on without Human Resources? and some
Banks are out of stage operation, the importers
climbing down without foreign currency, basically
limited to import food and others goods.
The Angola students abroad all with pending Bill,
Some without resources to return back home.

10. The
Government
Implication
In couple of days, i was looking in my
Linkedln profile and i find out some quoteS:
“ you are not a leader until you have
produced another leader who can produce
another leader”
Look like you get there and help others get
there too, Angolan crise show that it doesn't
matter how many resources you have but if
you don’t know how to use them, it will never
be enough.
The numbers of Angolan students with
pending bill say a lot about Government
implication.

11. Government
Implication
Most 18 people out of 20 i listen
too, they said about Government
Implication In Management others
2 they said about low quality
Human resources
and 50% of them said about
corruption in Government and all
public sector, 30% said about the
price of oil crash, other 20% said
about human Resources.

12. Conclusion
The politician are not
qualified to do their duties,
lowest knowledge
Low Human Resources in
Country
High Corruption rates.
Empowering the Human
Resources.

13. Highlights
http://statisticstimes.com
www.bna.ao

14. THANK YOU