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Accepted Paper:

Doleiros e kinguilas: Luanda's parallel market of foreign currency  
Carlos Lopes (CEsA)

Paper long abstract:

This communication describes the parallel market of foreign currency in Luanda.

The paper is structured as following:

1) introduction note - this topic includes an approach to the extension of this activity based on the information available and a explaining of the methodological procedures adopted;

2) brief description of the history and evolution of this activity, in comparison with the official exchange market in Angola;

3) identification of its determinant factors;

4) characterization of its structural elements, its internal logic and its regulation procedures;

5) identification of the main articulations with the official exchange system;

6) conclusion - the most significant aspects related with the different dimensions analysed are highlight.

The information reported is the result of the combination of several sources:

a) a bibliography revue in the area of parallel market of foreign currency in Angola, as well as in some other sub-saharan African countries;

b) a press dossier, based on the daily newspaper "Jornal de Angola" and the weekly newspapers "Angolense" and "Folha 8";

c) nine (9) interviews with experts and institutional members directly involved in this activity (National Bank of Angola, exchange facilities, and so on);

d) twelve (12) semi-structured interviews collected in the field from September to December 2003 and in July-August 2004 to doleiros based in Asa Branca and Roque Santeiro markets and to kinguilas who perform this activity in some of the main streets of Luanda.

Panel E8
Papers
  Session 1