Angola Kwanza (AOA)

Angola Kwanza (AOA) is the official currency of Angola, a country located in Western Africa. It replaced the Angolan Escudo in 1977 after Angola gained independence.

The Angola Kwanza is issued by the National Bank and is used as both banknotes and coins in circulation. The subunit of the Kwanza is called “Cêntimo,” although the use of cêntimo coins has become less common in recent years.

The symbol for Angola Kwanza is represented as “Kz” or “AOA.” Banknotes are commonly printed in denominations of 200, 500, 1000, 2000, 5000, 10,000, and 20,000 Kwanza. Coins are available in denominations of 1, 5, 10, 50, and 100 Kwanza.

The value of Angola Kwanza has been subject to fluctuations in the exchange rate. As the country’s economy relies heavily on oil exports, fluctuations in oil prices can impact the value of the Kwanza. Additionally, during periods of economic and political instability in Angola, the value of the Kwanza may decrease.

Angola Kwanza is primarily used for local transactions within Angola. However, other currencies such as the US dollar or euro are also widely accepted, particularly in tourist areas.

The value of Angola Kwanza can vary based on international exchange rates and market conditions. Therefore, it is important for individuals traveling to Angola or engaging in trade with Angola to stay updated on current exchange rates.