Luanda - Rand Merchant Bank (RMB) said on Thursday it will stop supplying Angolan banks with US dollars from November 30, a move that could pile pressure on the oil exporter's ailing kwanza currency.
The decision to terminate dollar sales comes after a US bank said it would discontinue supplying RMB with dollars for onward distribution to Angola, the division of FirstRand Bank said in a statement.
It did not name the US bank or say why it no longer wanted to trade dollars with Angola.