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StanChart exits dollar biz in Angola

Standard Chartered Bank has exited dollar-clearing operations with commercial banks in Angola. This is part of the bank’s plan to get out of countries considered riskier. The bank said in a statement it has been reviewing its global correspondent banking relationships with a particular focus on banks it offers dollar clearing services to. The bank said it would continue to operate in Angola and with its central bank and ministry of finance and on local kwanza clearing or other local interbank activities.

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