安哥拉宽扎

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安哥拉宽扎简介

ISO 4217 Code：AOA

User(s)：Angola

Inflation：13.2%

Source：The World Factbook, 2006 est.

Subunit：1/100 centimo

Symbol：Kz

Coins：

Freq. used：1, 2, 5 kwanzas

Rarely used：10, 50 centimos

Banknotes：1, 5, 10, 50, 100, 200, 500, 1000, 2000 kwanzas

Central bank：Banco Nacional de Angola

Website：http://www.bna.ao

The kwanza (ISO currency code: AOA, abbreviation also: Kz) is the currency of Angola.

History

Four different currencies using the name kwanza have circulated since 1977.

Start Date	Finish Date	Currency Unit	Sub Unit	Notes
8 January 1977	24 September 1990	Kwanza	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 centimos	1 kwanza = 1,000,000 kwanzas reajustados

First Kwanza, 1977-1990

The kwanza was introduced following Angolan independence. The first banknotes were dated 1976 but not issued until 1977. Coins were issued in denominations ranging from 50 lwei to 100 kwanzas. Interestingly, some of the coins were issued witout dates of issue, although all bore the date of independence, 11 November 1973. The last date to appear on coins was 1979.

Novo Kwanza, 1990-1995

The first banknotes were overprints on earlier notes and the denomination was given as novo kwanza. Later banknotes dropped the word novo. 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.

Kwanza Reajustado, 1995-1999

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. The inflation continued with denominations reaching 5 million kwanza reajustado. No coins were issued.

Second Kwanza, 1999-

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 in 10 and 50 centimos denominations aren’t used any more, as the values are minuscule.

Banknotes

Banknotes are quite similar with only different colours separating them.

Historical exchange rates

This table shows the historical value of one U.S. dollar in Angola kwanzas:
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 reajusto	2,100 to 13,000
1996	AOR kwanza reajusto	13,000 to 210,000 to 194,000
1997	AOR kwanza reajusto	194,000 to 253,300
1998	AOR kwanza reajusto	253,300 to 594,000
1999	AOR kwanza reajusto	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 for several times in the 1990s.