Angolan kwanza
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- This article is about the currency kwanza. For the African-American holiday, see Kwanzaa.
Contents
Four Currencies
Four different currencies using the name kwanza have circulated since 1977.
| Start Date | Finish Date | Currency Unit | Sub Unit | Notes |
|---|---|---|---|---|
| 8 January 1977 | 24 September 1990 | Kwanza | 100 lwei | 1 kwanza = 1 Angolan escudo |
| 25 September 1990 | 30 June 1995 | Novo kwanza (AON) | none | 1 kwanza = 1 novo kwanza1, 2 |
| 1 July 1995 | 30 November 1999 | Kwanza reajustado (AOR) | none | 1 kwanza reajustado = 1000 novos kwanzas |
| 1 December 1999 | present | Kwanza (AOA) | 100 centimos | 1 kwanza = 1,000,000 kwanzas reajustados |
Note
- The first banknotes were overprints on earlier notes and the denomination was given as novo kwanza. Later banknotes dropped the word novo.
- Angolans could only exchange 5% of all old notes for new ones; they had to exchange the rest for government securities
Coins
Coins in 10 and 50 centimos denominations aren't used any more, as the values are minuscule.
| Coins | |||||||
|---|---|---|---|---|---|---|---|
| Denomination | Diameter | Weight | Composition | Edge | Obverse | Reverse | First Minted Year |
| 10 centimos | 15 mm | 1.5 g | Copper plated steel | Reeeded | State title, Coat of arms, year | Value | 1999 |
| 50 centimos | 18 mm | 3 g | |||||
| 1 kwanza | 21 mm | 4.5 g | Cupronickel | Reeeded | State title, Coat of arms, year | Value | 1999 |
| 2 kwanzas | 22 mm | 5 g | |||||
| 5 kwanzas | 26 mm | 7 g | |||||
Banknotes
Banknotes are quite similar with only different colours separating them. Banknotes have been issued in denominations of:
| Banknotes | ||||||||
|---|---|---|---|---|---|---|---|---|
| Image Front & Back | Denomination | Dominant Colour | Obverse | Reverse | Printed Date | Issued Date | Watermark | |
| [link] | [link] | 1 kwanza | Pink | Agostinho Neto, José Eduardo dos Santos | Women picking cotton | October 1999 | 1 December 1999 | ? |
| [link] | [link] | 5 kwanzas | Light blue | Mountain pass | ||||
| [link] | [link] | 10 kwanzas | Red | 2 antelopes | ||||
| [link] | [link] | 50 kwanzas | Lime | Off-shore oil rig | ||||
| [link] | [link] | 100 kwanzas | Yellow-brown | Banco Nacional de Angola | ||||
| [link] | [link] | 200 kwanzas | Lilac | Aerial view of Luanda | November 2003 | 19 July 2004 | ||
| [link] | [link] | 500 kwanzas | Orange | Cotton | ||||
| [link] | [link] | 1000 kwanza | Rose | Coffee plantation | ||||
| [link] | [link] | 2000 kwanza | Lime | Sea shore | 2006 | |||
Historical exchange rates
This table shows the historical value of one U.S. dollar in Angola kwanzas:
| Date | Currency code and Name | Rate |
|---|---|---|
| 1994 | AON novo kwanza | 34.2 thousand to 850 thousand |
| Jan to Jun 1995 | AON novo kwanza | 1 million to 2.1 million |
| 1 July 1995 | 1000 AON -> 1 AOR (kwanza reajustado) | |
| Jul to Dec 1995 | AOR kwanza reajusto | 2.1 thousand to 13 thousand |
| 1996 | AOR kwanza reajusto | 13 thousand to 210 thousand to 194 thousand |
| 1997 | AOR kwanza reajusto | 194 thousand to 253.3 thousand |
| 1998 | AOR kwanza reajusto | 253.3 thousand to 594 thousand |
| 1999 | AOR kwanza reajusto | 594 thousand to 5.4 million |
| 1 December 1999 | 1 million AOR -> 1 AOA (kwanza) | |
| 2000 | AOA kwanza | 5.4 to 16.3 |
| 2001 | AOA kwanza | 16.3 to 31.12 |
| 2002 | AOA kwanza | 31.12 to 57.47 |
| 2003 | AOA kwanza | 57.47 to 86.88 to 78.61 |
| 2004 | AOA kwanza | 78.61 to 85.90 |
| 2005 | AOA kwanza | 85.90 to 88.97 to 80.58 |
| 2006 | AOA kwanza | 80.58 to - |
Reference
External links
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