The Interbank Rate is fixed at 700 kwanzas per transaction, as EMIS made known, through a circular to which OPAÍS had access
The rate, which in practice refers to what one bank pays to another whenever a customer uses another’s ATM, thus jumps, unanimously across all banks, from 150 to 700 kwanzas, registering an increase of more of 500 kwanzas.
EMIS was not open to talking about the subject, but a source linked to the entity told OPAÍS that this increase meets what banks have been demanding for some time, and that in practice it helps them to meet maintenance needs and other demands. that the machines themselves require.
In addition, at the last moment, this measure could even serve as a push for banks to try to have more of their own tellers so they don’t have to incur transaction costs, he said. Asked about possible side effects on people’s lives, the source said that there may be a temptation on the part of banks to throw this additional cost onto customers.
He added that, for now, this is not a measure that directly affects ordinary citizens, no one will lose 700 kwanzas in each transaction and this temptation for banks should be controlled by the regulator, which has been doing very well in fulfilling its role.