About the Angolan Kwanza
The Kwanza was introduced in 1977, after Angola's independence from Portugal, replacing the Angolan Escudo at par.
The Kwanza is named after the Kwanza River, which flows through Angola.
Interesting Facts
Multiple Kwanzas
Angola has had four different currencies named Kwanza since 1977, due to periods of high inflation.
Named After a River
The currency is named after the Kwanza River, one of the longest rivers in Angola and a source of hydroelectric power.
Oil-Dependent Economy
Angola's economy is heavily dependent on oil exports, which significantly influences the value of the Kwanza.
Historical Timeline
Angola gains independence from Portugal.
The first Kwanza (AOK) is introduced.
The Novo Kwanza (AON) replaces the Kwanza.
The Kwanza Reajustado (AOR) is introduced.
The current Kwanza (AOA) is introduced.
Denominations
Banknotes
Coins
Security Features
Quick Facts
- ISO Code
- AOA
- Symbol
- Kz
- Numeric Code
- 973
- Subunit
- Cêntimo (1/100)
- Introduced
- 1977-01-08
Central Bank
- Name
- Banco Nacional de Angola
- Headquarters
- Luanda, Angola
- Founded
- 1926
- Current Governor
- Manuel António Tiago Dias (since 2023)
Economic Data
- Reserve Currency Share
- 0.0%
- Forex Volume Share
- 0.0%
- Inflation Rate
- 13.2%
- Interest Rate
- 19.5%
Exchange Rates
What Affects the AOA Exchange Rate?
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