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Encyclopedia > Angolan kwanza
Angolan kwanza
ISO 4217 Code AOA
User(s) Angola
Inflation 13.2%
Source The World Factbook, 2006 est.
Subunit
1/100 cêntimo
Symbol Kz
Coins
Freq. used 1, 2, 5 kwanzas
Rarely used 10, 50 cêntimos
Banknotes 1, 5, 10, 50, 100, 200, 500, 1000, 2000 kwanzas
Issuing authority Banco Nacional de Angola
Website www.bna.ao
This article is about the currency kwanza. For the river in Angola, see Kwanza River. For the African-American holiday, see Kwanzaa.

The kwanza (ISO currency code: AOA, abbreviation also: Kz) is the currency of Angola. Four different currencies using the name kwanza have circulated since 1977. Image File history File links AGO006. ... The céntimo was a currency unit of Spain and other countries which were historically influenced by Spain. ... Tax rates around the world Tax revenue as % of GDP Economic policy Monetary policy Central bank   Money supply Fiscal policy Spending   Deficit   Debt Trade policy Tariff   Trade agreement Finance Financial market Financial market participants Corporate   Personal Public   Banking   Regulation        The ECB building in Frankfurt A central bank, reserve bank or... The Central Bank of Angola (in Portuguese Banco Nacional de Angola) is the National bank of Angola. ... The Cuanza River (also spelled Coanza, Kwanza, Quanza, or Kuanza) is a river in Angola. ... Kwanzaa (or Kwaanza) is a week-long Pan-African festival primarily honoring African-American heritage. ... ISO 4217 is the international standard describing three letter codes (also known as the currency code) to define the names of currencies established by the International Organization for Standardization (ISO). ...

Contents


Start Date Finish Date Currency Unit Sub Unit Notes
8 January 1977 24 September 1990 Kwanza (AOK) 100 lwei 1 kwanza = 1 Angolan escudo
25 September 1990 30 June 1995 Novo kwanza (AON) none 1 novo kwanza = 1 kwanza
1 July 1995 30 November 1999 Kwanza reajustado (AOR) none 1 kwanza reajustado = 1000 novos kwanzas
1 December 1999 present Kwanza (AOA) 100 cêntimos 1 kwanza = 1,000,000 kwanzas reajustados

is the 8th day of the year in the Gregorian calendar. ... Also: 1977 (album) by Ash. ... is the 267th day of the year (268th in leap years) in the Gregorian calendar. ... Year 1990 (MCMXC) was a common year starting on Monday (link displays the 1990 Gregorian calendar). ... The escudo was the currency of Angola between 1914 and 1926 and again between 1952 and 1977. ... is the 268th day of the year (269th in leap years) in the Gregorian calendar. ... Year 1990 (MCMXC) was a common year starting on Monday (link displays the 1990 Gregorian calendar). ... is the 181st day of the year (182nd in leap years) in the Gregorian calendar. ... Year 1995 (MCMXCV) was a common year starting on Sunday (link will display full 1995 Gregorian calendar). ... is the 182nd day of the year (183rd in leap years) in the Gregorian calendar. ... Year 1995 (MCMXCV) was a common year starting on Sunday (link will display full 1995 Gregorian calendar). ... is the 334th day of the year (335th in leap years) in the Gregorian calendar. ... This article is about the year. ... is the 335th day of the year (336th in leap years) in the Gregorian calendar. ... This article is about the year. ...

First Kwanza, 1977-1990

50 lwei 1979
Coat of arms Value

The kwanza was introduced following Angolan independence. It replaced the escudo at par and was subdivided into 100 lwei. Its ISO 4217 code was AOK. Image File history File links AGO005. ... The Coat of Arms of Angola reflects the recent past of the new nation. ... The escudo was the currency of Angola between 1914 and 1926 and again between 1952 and 1977. ... ISO 4217 is the international standard describing three letter codes (also known as the currency code) to define the names of currencies established by the International Organization for Standardization (ISO). ...


Coins

The first coins issued for the kwanza did not bear any date, although all bore the date of independence, 11 November 1975. They were in denominations of 50 lwei, 1, 2, 5, 10 and 50, 100 kwanzas. 20 kwanzas coins were added in 1978. The last date to appear on coins was 1979. is the 315th day of the year (316th in leap years) in the Gregorian calendar. ... Year 1975 (MCMLXXV) was a common year starting on Wednesday (link will display full calendar) of the Gregorian calendar. ...


Banknotes

In 1977, banknotes (dated 1976) were introduced by the Banco Nacional in denominations of 20, 50, 100, 500 and 1000 kwanzas. The 20 kwanzas note was replaced by a coin in 1978.


Novo kwanza, 1990-1995

In 1990, the novo kwanza was introduced, with the ISO 4217 code AON. Although it replaced the kwanza at par, Angolans could only exchange 5% of all old notes for new ones; they had to exchange the rest for government securities. This kwanza suffered from high inflation. ISO 4217 is the international standard describing three letter codes (also known as the currency code) to define the names of currencies established by the International Organization for Standardization (ISO). ...


Banknotes

This currency was only issued in note form. The first banknotes issued in 1990 were overprints on earlier notes in denominations of 50 (report not confirmed), 500, 1000 and 5000 novos kwanzas (5000 novos kwanzas overprinted on 100 kwanzas). In 1991, the word novo was dropped on the issue of regular banknotes for 100, 500, 1000, 5000, 10,000, 50,000, 100,000 and 500,000 kwanzas.


Kwanza reajustado, 1995-1999

In 1995, the kwanza reajustado replaced the previous kwanza at a rate of 1000 to 1. It had the ISO 4217 code AOR. The inflation continued and no coins were issued. ISO 4217 is the international standard describing three letter codes (also known as the currency code) to define the names of currencies established by the International Organization for Standardization (ISO). ...


Banknotes

Despite the exchange rate, such was the low value of the old kwanza that the smallest denomination of banknote issued was 1000 kwanza reajustado. Other notes were 5000, 10,000, 50,000, 100,000, 500,000, 1,000,000 and 5,000,000 kwanzas.


Second kwanza, 1999-

In 1999, a second currency was introduced simply called the kwanza. Unlike the first kwanza, this currency is subdivided into 100 cêntimos. The introduction of this currency saw the reintroduction of coins. Although it suffered early on from high inflation, its value has now stabilized.


Coins

Coins
Value Technical parameters Description Date of first minting
Diameter Mass Composition Edge Obverse Reverse
10 cêntimos 15 mm 1.5 g Copper plated steel Reeded State title, Coat of arms, year Value 1999
50 cêntimos 18 mm 3 g
1 kwanza 21 mm 4.5 g Cupronickel Reeded State title, Coat of arms, year Value 1999
2 kwanzas 22 mm 5 g
5 kwanzas 26 mm 7 g
For table standards, see the coin specification table.

Coins in 10 and 50 cêntimos denominations aren't used any more, as the values are minuscule. For other uses, see Copper (disambiguation). ... For other uses, see Steel (disambiguation). ... The Coat of Arms of Angola reflects the recent past of the new nation. ... Cupronickel is an alloy of copper, nickel and strengthening impurities, such as iron and manganese. ... The Coat of Arms of Angola reflects the recent past of the new nation. ...


Banknotes

Banknotes
Image Value Main Colour Description Date of
Obverse Reverse Obverse Reverse Watermark printing issue
[1] [2] 1 kwanza Pink Agostinho Neto, José Eduardo dos Santos Women picking cotton  ? October 1999 1 December 1999
[3] [4] 5 kwanzas Light blue Mountain pass
[5] [6] 10 kwanzas Red 2 antelopes
[7] [8] 50 kwanzas Lime Off-shore oil rig
[9] [10] 100 kwanzas Yellow-brown Banco Nacional de Angola
[11] [12] 200 kwanzas Lilac Aerial view of Luanda November 2003 19 July 2004
[13] [14] 500 kwanzas Orange Cotton
[15] [16] 1000 kwanza Rose Coffee plantation
[17] [18] 2000 kwanza Lime Sea shore 2006
For table standards, see the banknote specification table.

The banknotes are quite similar in design, with only different colours separating them. António Agostinho Neto (September 17, 1922–September 10, Angola (1975–1979), a poet and nationalist leader. ... José Eduardo dos Santos (born August 28, 1942 in Luanda) is the current President, Head of Government, and Commander-in-Chief of the Armed Forces of Angola. ... For other uses, see Cotton (disambiguation). ... is the 335th day of the year (336th in leap years) in the Gregorian calendar. ... This article is about the year. ... This article is about the herbivorous mammals. ... The Central Bank of Angola (in Portuguese Banco Nacional de Angola) is the National bank of Angola. ... Luanda (formerly called Loanda) is the largest city and capital of Angola. ... is the 200th day of the year (201st in leap years) in the Gregorian calendar. ... Year 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... For other uses, see Cotton (disambiguation). ... For other uses, see Coffee (disambiguation). ...


Historical exchange rates

This table shows the historical value of one U.S. dollar in Angola kwanzas: USD redirects here. ...

Date Currency code and Name Rate
1994 AON novo kwanza 34,200 to 850,000
Jan to Jun 1995 AON novo kwanza 1,000,000 to 2,100,000
1 July 1995 1000 AON -> 1 AOR (kwanza reajustado)
Jul to Dec 1995 AOR kwanza reajustado 2,100 to 13,000
1996 AOR kwanza reajustado 13,000 to 210,000 to 194,000
1997 AOR kwanza reajustado 194,000 to 253,300
1998 AOR kwanza reajustado 253,300 to 594,000
1999 AOR kwanza reajustado 594,000 to 5,400,000
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 -

Angola's currencies were the Least valued currency unit several times in the 1990s. Year 1994 (MCMXCIV) The year 1994 was designated as the International Year of the Family and the International Year of the Sport and the Olympic Ideal by the United Nations. ... Year 1995 (MCMXCV) was a common year starting on Sunday (link will display full 1995 Gregorian calendar). ... is the 182nd day of the year (183rd in leap years) in the Gregorian calendar. ... Year 1995 (MCMXCV) was a common year starting on Sunday (link will display full 1995 Gregorian calendar). ... Year 1995 (MCMXCV) was a common year starting on Sunday (link will display full 1995 Gregorian calendar). ... Year 1996 (MCMXCVI) was a leap year starting on Monday (link will display full 1996 Gregorian calendar). ... For the band, see 1997 (band). ... Year 1998 (MCMXCVIII) was a common year starting on Thursday (link will display full 1998 Gregorian calendar). ... This article is about the year. ... is the 335th day of the year (336th in leap years) in the Gregorian calendar. ... This article is about the year. ... Year 2000 (MM) was a leap year starting on Saturday (link will display full 2000 Gregorian calendar). ... Year 2001 (MMI) was a common year starting on Monday (link displays the 2001 Gregorian calendar). ... Also see: 2002 (number). ... Year 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ... Year 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... The least valued currency unit is the currency in which a single unit buys the least number of any given other currency or the smallest amount of a given good. ...

Current AOA exchange rates
Use Yahoo! Finance: AUD CAD CHF EUR GBP HKD JPY USD CNY KRW
Use XE.com: AUD CAD CHF EUR GBP HKD JPY USD CNY KRW
Use OANDA.com: AUD CAD CHF EUR GBP HKD JPY USD CNY KRW

See also

Angolas is the fastest-growing economy in Africa, largely due to a major oil boom, but it also ranks in the bottom 10 of socioeconomic conditions in the world. ...

External links

Kwanza
Preceded by:
Angolan escudo
Reason: independence (in 1975)
Ratio: at par
Currency of Angola
19771990
Succeeded by:
Novo kwanza
Reason: government seized part of the money supply
Ratio: at par (see article for more detail)
Novo kwanza
Preceded by:
Kwanza
Reason: government seized part of the money supply
Ratio: at par (see article for more detail)
Currency of Angola
19901995
Succeeded by:
Kwanza reajustado
Reason: inflation
Ratio: 1 kwanza reajustado = 1000 novos kwanzas
Kwanza reajustado
Preceded by:
Novo kwanza
Reason: inflation
Ratio: 1 kwanza reajustado = 1000 novos kwanzas
Currency of Angola
19951999
Succeeded by:
Kwanza
Reason: inflation
Ratio: 1 kwanza = 1,000,000 kwanzas reajustados
Kwanza
Preceded by:
Kwanza reajustado
Reason: inflation
Ratio: 1 kwanza = 1,000,000 kwanzas reajustados
Currency of Angola
1999
Succeeded by:
Current

  Results from FactBites:
 
ANGOLA INVESTMENT POLICY (4551 words)
With the strong devaluation of the Kwanza this number is not used for foreign investors for whom an approximate amount of USD 3.000 is used as minimum.
Dividends received from Angolan companies subject to Industrial Tax are exempt from tax if at the time of the distribution the recipient owns at least 25% of the capital of the paying company and has held the shares for at least two years or since the incorporation of this company.
Work Permits The work visas are conceded by the Angolan consular authorities to permit the entry in Angola of foreign citizens with the objective of realise, temporarily, a professional activity in the interest of the State or the third parties.
Angolan kwanza - Wikipedia, the free encyclopedia (417 words)
The kwanza (ISO currency code: AOA, abbreviation also: Kz) is the currency of Angola.
Angolans could only exchange 5% of all old notes for new ones; they had to exchange the rest for government securities.
Although the exchange rate to the previous kwanza was 1000 to one, such was the low value of the old kwanza that the smallest denomination of banknote issued was 1000 kwanza reajustado.
  More results at FactBites »

 
 

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