Will Kwanzaa continue to depreciate?
Kwanza will continue to depreciate. According to relevant information, Angolan economists predict that Kwanza will continue to depreciate. Angola has long relied on the oil economy. Due to the drop of international oil price, the domestic oil industry is under-invested, the production capacity drops, the export decreases, the oil foreign exchange income drops, and the foreign exchange is in short supply. Manufacturing and agriculture are underdeveloped, and a large amount of foreign exchange is spent on protecting the daily life of the people. The unemployment rate is high, and residents' income and government income have no sources. The Angolan government should strive to get rid of the present situation of single oil economy and take the road of diversified economic development. It should devote itself to developing manufacturing, agriculture, fishing and other industries. On the one hand, we should increase employment, on the other hand, we should reduce foreign exchange expenditure and increase foreign exchange reserves.