Angola’s central bank resumed selling foreign currency to local banks to stabilize the kwanza, selling USD 200 mln in a recent auction at an average exchange rate of 843.53 kwanza per USD. This intervention, the first since a USD 100 mln sale in August, aims to curb the kwanza’s near 40% depreciation against the USD over the past year following the decision to let the kwanza float freely. Angola’s inflation surged to 26% in March, marking a two-year high.