ANGOLA
These notes are available for your viewing
pleasure!
Click on the thumbnails to enlarge.
The history of Angolan Kwanza.
Since Angola’s independence in late 1975, Angola has
suffered extreme inflation and has gone through several versions of the Kwanza.
The first Kwanza was issued in January 1977 at par with the Angolan Escudo. In
1990 the Angolan government replaced the Kwanza with the Novo Kwanza at par.
However the government placed a strict limit on the amount of Kwanza citizens
could convert into Novo Kwanza, in order that the government could seize some of
the money in the country, basically it was state sponsored theft. 1995 brought
about the introduction of the Kwanza Reajustado which was equal to 1000 Novo
Kwanza. During 1999 the value of the Kwanza Reajustado dropped from 594,000
Kwanza Reajustado to one American Dollar in January, to where it took over five
million Kwanza Reajustado to buy an American Dollar. The current Kwanza was
introduced on 13 December 1999 at a rate of 1,000,000 old Kwanza Reajustado for
one new Kwanza. When the new Kwanza was introduced in 1999 it took 5.4 new
Kwanza to buy an American Dollar and at the time of writing in 2006 it took
around 80 Kwanza to buy a Dollar. The value of the Kwanza seems to have somewhat
stabilized in 2004 at around 80-85 to the Dollar.
The current kwanza is divided into 100 lwei but due to the level of inflation
prices are always given to the nearest kwanza. Currently coins come in
denominations of 10 and 50 lwei which are rarely used, and 1, 2 and 5 Kwanza,
banknotes come in denominations of 1, 5, 10, 50, 100, 200, 500, 1000 and 2000
Kwanza. The ISO 4217 code for the current Kwanza is AOA.
BACK TO HOMEPAGE
Page created: 6 June 2006
Last Update: 16 June 2006
Maps are provided by Graphic Maps
All maps provided by them bear their copyright information.
All scans shown here are of actual notes from my collection unless otherwise
noted.
Images and content unless otherwise noted are copyrighted.
(c) 2006 Will's Online World Paper Money Gallery