Angolan Kwanza

About The Angolan Kwanza: The Currency of Angola

Quick Facts About the Angolan Kwanza Notes

Country of Origin	Angola
Symbol	The Kwanza symbol is Kz
Currency Code	AOA
Nick Names
Minor units	centimo
Denominations (Banknotes)	200 Kz, 500 Kz, 1000 Kz, 2000 Kz, 5000 Kz
Motto
Identification Feature	The 2020 series of Kwanza currency banknotes have Natural and Geographical features of the country on the reverse side with the notes from 200 to 2000 denominations being printed on a polymer substrate. The 2012 series have the waterfalls of the country on its backside with the 5000 denomination bearing the Kapanda hydroelectric dam.
Issuing Bank	Banco Nacional de Angola (National Bank of Angola)
In Circulation Since	December 1, 1999.

The Angolan Kwanza, which is abbreviated as AOA, is the legal tender of Angola, a country located in southwestern Africa. One Angolan Kwanza is divided into 100 centimos. It is issued by the Central Bank of Angola and is available in both physical and electronic form. The Kwanza symbol is Kz.

The value of the Angolan Kwanza has fluctuated significantly over the years due to a variety of economic and political factors. Inflation has been a persistent problem in Angola, and the Kwanza price has depreciated significantly against major currencies like the US dollar.

The Kwanza is widely used in Angola for daily transactions and is accepted as a form of payment in many businesses. It is also used in international trade with other countries in the region. The National Bank of Angola is responsible for setting monetary policy and issuing the Kwanza forex cards.

The current Kwanza exchange rate for the Angolan Kwanza to Indian Rupee is (⚠️ 🔄) . This means that when you convert Kwanza to Rupee, you receive around 160 INR for 1000 Kz. The Kwanza currency exchange rate against the major currencies is -

 1. 1 USD = 500 AOA

 2. 1 Euro = 530 AOA

 3. 1 Pound Sterling = 600 AOA

 4. 1 JPY = 3.8 AOA

You can find more about the live Kwanza rate against other international countries with a simple Google search.

History of the Angolan Kwanza

Angolan Kwanza was introduced in 1977, replacing the escudo as the official currency of Angola. At the time, Angola was undergoing significant political and economic changes following its independence from Portugal in 1975. The Angolan Kwanza was intended to symbolize the country's new independence and stabilize the economy after years of conflict and instability.

The Angolan Kwanza was initially pegged to the US dollar at a fixed exchange rate, but this system was eventually abandoned in favour of a floating exchange rate system. The value of the Angolan Kwanza has fluctuated significantly since its introduction, with periods of both appreciation and depreciation against the US dollar and other major currencies.

Inflation has been a persistent problem in Angola, and the kwanza has devalued significantly against major currencies like the US dollar over time. The National Bank of Angola has implemented various measures to try to stabilize the value of the kwanza and curb inflation, including setting interest rates and controlling the money supply.

Despite these challenges, the Angolan Kwanza remains the official currency of Angola and is widely used for daily transactions and international trade.

Countries Accepting the Angolan Kwanza

Amount in the Angolan Kwanza You Should Carry for Your Trip

The Angolan National Bank's Regulation 1/2016 controls the circumstances for the entry and exit of local and foreign money in Angola by citizens and non-residents alike. In terms of foreign currency entry and exit, non-residents may carry up to USD $5000. On your trip to Angola, you can carry a higher currency value as long as the Entry and Exit of Foreign Currency Statement is in compliance with the terms of the form provided under the regulation. The Regulation allows non-residents to enter or leave the country with a maximum amount of 50,000 Kz.