Kwanza

Kwanza
Country:	Angola Angola
Subdivision:	100 cêntimos
ISO 4217 code :	AOA
Abbreviation:	Concentration camp
Exchange rate : (29 Mar 2020)	1 EUR = 387.04 AOA 100 AOA = 0.25837 EUR 1 CHF = 359.67 AOA 100 AOA = 0.27803 CHF

5 kwanzas

The Kwanza (abbreviated: Kz ) is the currency of Angola and is issued by the Angolan National Bank .

In 1977 the Kwanza (divided into 100 Lwei, Lw ) replaced the Escudo . The exchange campaign took place between January 8 and 10, 1977, subject to prior secrecy. In this context, on the evening of January 7, the borders with Namibia , Zambia and Zaire were closed and the air and sea routes were interrupted.

In 1990 the new Kwanza (novo kwanza, AON) was introduced. The exchange ratio to the old Kwanza (AOK) was 1: 1, but the exchange rate was limited in order to combat inflation . During the currency reform of 1995, 1000 Kwanzas were exchanged for the Kwanza Reajustado (AOR), which was divided into 100 Cêntimos. In 1999, 1,000,000 Kwanza Reajustado were exchanged for the current Kwanza (AOA) in a new currency reform. It is also divided into 100 cêntimos .

There are coins for 50 cêntimos as well as 1, 5, 10, 20 and 50 Kwanza and banknotes for 5, 10, 50, 100, 200, 500, 1000, 2000 and 5000 Kwanza. The 200, 500 and 1000 Kwanza notes were first put into circulation on July 19, 2004.

In 2020 the new banknote series "2020" will be introduced, which consists of plastic notes. They have the values 200, 500, 1000, 2000, 5000 and 10,000 Kwanzas and are made in Germany, the USA and Russia.

The name of the currency denominations was derived from the Kwanza River and its tributary Lwei .

Web links

Individual evidence

^ ^A ^b Martin Schümer: The Economy of Angola 1973–1976. Approaches to a development strategy of the MPLA government . Work from the Institute for Africa Customer 12, Hamburg 1977, p. 430
↑ ANGOLA - Banco Nacional de Angola. In: banknote. Retrieved June 26, 2019 .
↑ Angola assinala 43 anos da troca da moeda jornaldeangola.sapo.ao , January 8, 2020, accessed on March 8, 2020 (Portuguese)

[Schümer_430-1] A ^b Martin Schümer: The Economy of Angola 1973–1976. Approaches to a development strategy of the MPLA government . Work from the Institute for Africa Customer 12, Hamburg 1977, p. 430

[2] ANGOLA - Banco Nacional de Angola. In: banknote. Retrieved June 26, 2019 .

[3] Angola assinala 43 anos da troca da moeda jornaldeangola.sapo.ao , January 8, 2020, accessed on March 8, 2020 (Portuguese)