Angolan Kwanza Currency | Angola Kwanza Notes

Angolan Kwanza

Angolan Kwanza:

The Kwanza is the official currency of Angola. It is denoted by the symbol Kz. The Kwanza was introduced in 1999, replacing the Kwanza Reajustado.  Four different series of  currency  bearing the name Kwanza were used at various times in Angola.

First Kwanza:

Kwanza was introduced following Angolan independence which replaced the escudo at par and was subdivided into 100 lwei. The first coins were introduced in 11th  November  1975 in denominations of 50 lwei, 1, 2, 5 and 10 Kwanzas. In 1978, 20 kwanzas coins were added. The last date to appear on these coins was in 1979. The Banco Nacional de Angola introduced banknotes on 8 January 1977 in denominations of 20, 50, 100, 500 and 1000 kwanzas. In 1978, 20 kwanza note was replaced by a coin.

Novo Kwanza:

The novo kwanza was introduced in 1990. It replaced the kwanza at par. The first banknotes were issued in 1990 in denominations of 50, 500, 1000 and 5000, 10,000, 50,000, 100,000 and 500,000 kwanzas. The word novo was dropped in 1991 from the issue of regular banknotes for 100, 500, 1000, 5000, 10,000, 50,000, 100,000 and 500,000 kwanzas.

Kwanza reajustado:

The kwanza reajustado replaced the previous kwanza in 1995 at a rate of 1,000 to 1., due to the low value of kwanza in spite of the fair prevailing exchange rate. Other notes were 5,000, 10,000, 50,000, 100,000, 500,000, 1,000,000 and 5,000,000 kwanzas.

Second Kwanza:

A second currency was introduced in 1999; it simply called the kwanza. It replaced the kwanza reajustado at a rate of 1,000,000 to 1. The currency is subdivided into 100 centimos. New coins were introduced in between 2012-14 in denominations of 50 centimos, 1, 5, 10 and 20 kwanzas. A new series of kwanza banknotes were issued by the Banco Nacional de Angola on March 22, 2013 in denominations of 50, 100, 200 and 500 kwanzas. In 2017, the Banco Nacional de Angola issued 5 and 10 kwanzas banknotes as part of the family of banknotes first introduced in 2012.

Angolan Kwanza

Angolan Kwanza:

Code: AOA

Symbol: Kz

Subunit: 

1/100 =cêntimo

Banknotes:

5, 10, 20, 50, 100, 200, 500, 1,000, 2,000, 5,000 kwanzas

Coins:

1, 2, 5, 10, 20, 50, 100 kwanzas,10, 50 cêntimos

Central bank:

Banco Nacional de Angola