View source for Angolan kwanza

{{Short description|Currency of Angola}}
{{redirect|Kwanza|the holiday|Kwanzaa|other uses}}
{{distinguish|Cuanza (disambiguation){{!}}Cuanza}}
{{Infobox currency
| iso_code = AOA
| iso_comment = before 2000: {{ISO 4217|AOK}}, {{ISO 4217|AON}}, {{ISO 4217|AOR}}
| using_countries = {{flag|Angola}}
| image_1 = 
| image_title_1 = New series of Kwanza 2020
| image_2 = 
| image_title_2 = 2,000 kwanazs banknote of the 2012 ''Waterfalls'' series (back)
| inflation_rate = 10.81%
| inflation_source_date = ''[http://www.bna.ao Banco Nacional de Angola]'', 2023.
| replaced_currency = [[Angolan escudo]]
| subunit_ratio_1 = {{frac|1|100}}
| subunit_name_1 = [[céntimo|cêntimo]]
| symbol = Kz
| frequently_used_coins = 10, 20, 50, 100 kwanzas
| rarely_used_coins = 50 cêntimos, 1 and 5 kwanzas
| used_banknotes = 200, 500, 1,000, 2,000, 5,000 kwanzas
| printer = [[Goznak]]
| printer_website = {{URL|www.goznak.ru}}
| issuing_authority = [[Banco Nacional de Angola]]
| issuing_authority_website = {{URL|www.bna.ao}}
}}
The '''kwanza''' ([[currency sign|sign]]: '''Kz'''; [[ISO 4217 code]]: {{ISO 4217|'''AOA'''}}) is the currency of [[Angola]]. Four different currencies using the name kwanza have circulated since 1977. The currency derives its name from the [[Cuanza River|Kwanza River]] (which is also written as: Cuanza, Coanza, Quanza).<ref>{{cite book|url=https://books.google.com/books?id=hy3Z8PyN5t0C&q=Kwanza+%3D%3D%5D&pg=PT268|title=The Last Train to Zona Verde: Overland from Cape Town to Angola|first=Paul|last=Theroux|date=30 May 2013|publisher=Penguin Books Limited|isbn=9780241965139|via=Google Books}}</ref>

==Overview==

{| class="wikitable sortable"
! Start date !! Finish date !! ISO 4217 !! Currency unit !! Subunit !! class="unsortable" | Notes
|-
|align=right| {{dts|1958}}
|align=right| {{dts|8 Jan 1977}} 
| || [[Angolan escudo]] || 100 [[centavo]]s ||
|-
|align=right| {{dts|8 Jan 1977}} 
|align=right| {{dts|24 Sep 1990}} 
| <code>AOK</code> || Kwanza || 100 lwei || 1 kwanza = 1 Angolan escudo
|-
|align=right| {{dts|25 Sep 1990}} 
|align=right| {{dts|30 Jun 1995}} 
| <code>AON</code> || Novo kwanza || none || 1 novo kwanza = 1 kwanza
|-
|align=right| {{dts|1 Jul 1995}} 
|align=right| {{dts|30 Nov 1999}} 
| <code>AOR</code> || Kwanza reajustado || none || 1 kwanza reajustado = 1000 novos kwanzas
|-
|align=right| {{dts|1 Dec 1999}} 
|align=right| {{dts|format=hide|{{date}}}}'''present''' 
| <code>AOA</code> || Kwanza || 100 cêntimos || 1 kwanza = 1,000,000 kwanzas reajustados
|}

=={{anchor|AOK}}First kwanza, AOK, 1977–1990==

The kwanza was introduced following [[Alvor Agreement|Angolan independence]]. It replaced the [[Angolan escudo|escudo]] at [[Par value|par]] and was subdivided into 100 ''lwei''. Its [[ISO 4217]] code was ''AOK''. Following a change in currency, a confiscation took place. Individuals could convert up to 200,000 escudos for kwanzas and corporations up to 1,500,000 escudos. This kwanza had a remarkably stable exchange rate of 29.918 kwanzas to the U.S. dollar for the entire period.

===Coins===

The first coins issued for the kwanza currency did not bear any date of issue, although all bore the date of independence, "11 de Novembro de 1975". They were in denominations of 50 lwei, 1, 2, 5 and 10 kwanzas. 20 kwanza coins were added in 1978. The last date to appear on these coins was 1979.

{|class="wikitable" style="font-size: 90%"
|-
!colspan="8"| First kwanza coins
|-
! Image !! Value !! Composition !! Diameter !! Weight !! Thickness !! Edge !! Issued
|- style="text-align:center"
| 
| 50 lwei
| [[copper-nickel]]
| 16&nbsp;mm
| 2&nbsp;g
| 1.5&nbsp;mm
| Reeded
| 1977-1979
|- style="text-align:center"
| 
| 1 kwanza
| [[copper-nickel]]
| 20.9&nbsp;mm
| 3.91&nbsp;g
| 1.8&nbsp;mm
| Reeded
| 1977-1979
|- style="text-align:center"
| 
| 2 kwanzas
| [[copper-nickel]]
| 23.2&nbsp;mm
| 5&nbsp;g
| 1.82&nbsp;mm
| Reeded
| 1977
|- style="text-align:center"
| 
| 5 kwanzas
| [[copper-nickel]]
| 25.5&nbsp;mm
| 7&nbsp;g
| 2.05&nbsp;mm
| Reeded
| 1977
|- style="text-align:center"
| 
| 10 kwanzas
| [[copper-nickel]]
| 27.5&nbsp;mm
| 7.7&nbsp;g
| 2&nbsp;mm
| Reeded
| 1977-1978
|- style="text-align:center"
| 
| 20 kwanzas
| [[copper-nickel]]
| 29&nbsp;mm
| 10&nbsp;g
| 1.9&nbsp;mm
| Reeded
| 1978
|}

===Banknotes===
On 8 January 1977, banknotes dated 11 DE NOVEMBRO DE 1975 were introduced by the Banco Nacional de Angola ([[National Bank of Angola]]) in denominations of 20, 50, 100, 500, and 1000 kwanzas.<ref>{{cite book | last1 = Linzmayer | first1 = Owen | title = The Banknote Book | chapter = Angola | publisher = www.BanknoteNews.com | year = 2012 | location = San Francisco, CA | url = http://www.banknotebook.com}}</ref> The 20 kwanza note was replaced by a coin in 1978.

=={{anchor|AON}}Novo kwanza, AON, 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.

===Coins===
{|class="wikitable" style="font-size: 90%"
|-
!colspan="8"| Novo kwanza coins
|-
! Image !! Value !! Composition !! Diameter !! Weight !! Thickness !! Edge !! Issued
|- style="text-align:center"
| 
| 50 kwanzas
| [[copper]]
| 24&nbsp;mm
| 5.5&nbsp;g
| 
| Reeded
| 1991
|- style="text-align:center"
| 
| 50 kwanzas
| [[copper]]-plated steel
| 23.3&nbsp;mm
| 5&nbsp;g
| 
| Reeded
| 1992
|- style="text-align:center"
| 
| 100 kwanzas
| [[copper]]
| 27.3&nbsp;mm
| 8&nbsp;g
| 
| Reeded
| 1992
|}

===Banknotes===
This currency was only issued in note form.{{Contradictory inline|date=October 2020|section=Coins_2}} 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 from the issue of regular banknotes for 100, 500, 1000, 5000, 10,000, 50,000, 100,000 and 500,000 kwanzas.

=={{anchor|AOR}}Kwanza reajustado, AOR, 1995–1999==
In 1995, the kwanza reajustado (plural ''kwanzas reajustados'') replaced the previous kwanza at a rate of 1,000 to 1. It had the [[ISO 4217]] code ''AOR''. The inflation continued and no coins were issued.

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

=={{anchor|AOA}}Second kwanza, AOA, 1999–==
In 1999, a second currency was introduced simply called the kwanza. It replaced the kwanza reajustado at a rate of 1,000,000 to 1. 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 became stable until 2016, when the currency started devaluing again. The currency suffered a devaluation of nearly 40% against the US dollar between May and June 2023 to a record low of 825 kwanzas to the US dollar.<ref>{{Cite web |date=2023-07-17 |title=Kwanza continua a cair mas abranda ritmo de depreciação face às principais divisas |url=https://expansao.co.ao/economia/interior/kwanza-continua-a-cair-mas-abranda-ritmo-de-depreciacao-face-as-principais-divisas-114053.html |access-date=2023-09-27 |website=Expansão |language=pt}}</ref><ref>{{Cite web |title=Desvalorização do kwanza: "É preciso chamar o FMI" – DW – 28/06/2023 |url=https://www.dw.com/pt-002/desvaloriza%C3%A7%C3%A3o-do-kwanza-%C3%A9-preciso-chamar-o-fmi/a-66062424 |access-date=2024-07-17 |website=dw.com |language=pt}}</ref>

===Coins===
====First series====
{|class="wikitable" style="font-size: 90%"
!colspan="8"|Coins
|-
!rowspan="2"| Value !!colspan="3"| Technical parameters !!colspan="3"| Description !!rowspan="2"| Date of first minting
|-
! Diameter !! Mass !! Composition !! Edge !! Obverse !! Reverse
|- {{Coin-copper-color}}
| 10 cêntimos
| 15&nbsp;mm
| 1.5 g
|rowspan="2"| [[Copper]]-plated [[steel]]
|rowspan="2"| Plain
|rowspan="2"|State title, [[Coat of arms of Angola|Coat of arms]], year
|rowspan="2"| Value
|rowspan="2"| 1999
|- {{Coin-copper-color}}
| 50 cêntimos || 18&nbsp;mm || 3 g
|- {{Coin-silver-color}}
| 1 kwanza
| 21&nbsp;mm
| 4.5 g
|rowspan="3"| [[Cupronickel]]
|rowspan="3"| Reeded
|rowspan="3"|State title, [[Coat of arms of Angola|Coat of arms]], year
|rowspan="3"| Value
|rowspan="3"| 1999
|- {{Coin-silver-color}}
| 2 kwanzas || 22&nbsp;mm || 5 g
|- {{Coin-silver-color}}
| 5 kwanzas || 26&nbsp;mm || 7 g
|-
|colspan="8"|{{Standard coin table notice|BrE=Y}}
|}
Coins in 10 and 50 cêntimo denominations are no longer used, as the values are minuscule. Coins of this series lost their legal tender status on 1 January 2015.

====Second series====

{|class="wikitable" style="font-size: 90%"
!colspan="8"|Coins
|-
!rowspan="2"| Value !!colspan="3"| Technical parameters !!colspan="3"| Description !!rowspan="2"| Date of first minting
|-
! Diameter !! Mass !! Composition !! Edge !! Obverse !! Reverse
|- {{Coin-silver-color}}
| 50 cêntimos
| 20.6&nbsp;mm
| 3.8 g
| [[Cupronickel|Copper-nickel]]-plated [[steel]]
| Plain
| rowspan="4"| State title, [[Coat of arms of Angola|Coat of arms]], year
| rowspan="7"| Value
| rowspan="4"| 2012
|- {{Coin-silver-color}}
| 1 kwanza
| 22.1&nbsp;mm
| 5.0 g
| [[Brass]]-plated [[steel]]
| Plain
|- {{Coin-silver-color}}
| 5 kwanzas
| 25&nbsp;mm
| 7.0 g
| [[Bi-metallic coin|Bi-metallic]] [[Nickel silver|nickel-brass]] centre in [[Cupronickel|copper-nickel]] ring
| Reeded
|- {{Coin-silver-color}}
| 10 kwanzas
| 27&nbsp;mm
| 8.0 g
| [[Bi-metallic coin|Bi-metallic]] copper-nickel centre in nickel-brass ring
| Reeded
|- {{Coin-silver-color}}
| 20 kwanzas
| 28&nbsp;mm
| 11.64 g
| [[Bi-metallic coin|Bi-metallic]] [[steel]] centre in [[brass]] ring
| Interrupted reeded
|  [[Nzinga of Ndongo and Matamba|Rainha Njinga]]
| 2014
|- {{Coin-silver-color}}
| 50 kwanzas
| 26&nbsp;mm
| 7.6 g
| [[Cupronickel|Copper-nickel]]-clad steel
| Partially reeded
| rowspan="2"| 40 years of independence
| rowspan="2"| 2015
|- {{Coin-yellow-color}}
| 100 kwanzas
| 26.5&nbsp;mm
| 8.6 g
| [[Brass]]-clad [[steel]] 
| Partially reeded
|-
|colspan="8"|{{Standard coin table notice|BrE=Y}}
|}
During 2012–14, new coins were introduced in denominations of 50 cêntimos, 1, 5, 10 and 20 kwanzas.

===Banknotes===
====First Series====

The banknotes are quite similar in design, with only different colours separating them.

{|class="wikitable" style="font-size: 90%"
!colspan="9"|Banknotes of the Angolan Kwanza (1999-2011 series)
|-
!colspan="2"| Image !!rowspan="2"| Value !!rowspan="2"| Main Colour !!colspan="3"| Description !!colspan="2"| Date of
|-
! Obverse !! Reverse !! Obverse !! Reverse !! Watermark !! printing !! issue
|-
|
|
| 1 kwanza
| Pink
|rowspan="9"| [[Agostinho Neto]] and [[José Eduardo dos Santos]]
| Women picking [[cotton]]
|rowspan="9"| Sculpture
|rowspan="5"| October 1999
|rowspan="5"| 1 December 1999
|-
|
|
| 5 kwanzas
| Light green
| [[Serra da Leba]]
|- 
|
|
| 10 kwanzas
| Red
| 2 [[antelope]]s
|- 
|
|
| 50 kwanzas
| Lime
| Off-shore oil rig
|-
|
|
| 100 kwanzas
| Yellow-brown
| [[Banco Nacional de Angola]]
|- 
|
|
| 200 kwanzas
| Lilac
| Aerial view of [[Luanda]]
|rowspan="5"| November 2003
|rowspan="4"| 19 July 2004
|-
|
|
| 500 kwanzas
| Orange
| [[Cotton]]
|- 
|
|
| 1000 kwanzas
| Rose
| [[Coffee]] plantation
|-
|
|
| 2000 kwanzas
| Lime
| Sea shore
|}

====Second series====

The Banco Nacional de Angola issued a new series of kwanza banknotes on March 22, 2013, in denominations of 50, 100, 200 and 500 kwanzas. The other denominations (1000, 2000 and 5000 kwanzas) were issued on May 31, 2013.<ref>[http://banknotenews.com/files/add7c0ff3d4c7f66937292ba67c6f8d4-2531.php Angola new 50-, 100-, 200-, and 500-kwanza notes confirmed] {{Webarchive|url=https://web.archive.org/web/20130430160355/http://banknotenews.com/files/add7c0ff3d4c7f66937292ba67c6f8d4-2531.php |date=2013-04-30 }} BanknoteNews.com. April 11, 2013. Retrieved on 2013-04-11.</ref><ref>[http://banknotenews.com/files/21ca62fc6c949659ef7c8ba856367bdf-2620.php Angola new 1,000-, 2,000-, and 5,000-kwanza notes confirmed] {{Webarchive|url=https://web.archive.org/web/20130809081434/http://banknotenews.com/files/21ca62fc6c949659ef7c8ba856367bdf-2620.php |date=2013-08-09 }} BanknoteNews.com. June 24, 2013. Retrieved on 2013-06-27.</ref> In 2017, the Banco Nacional de Angola issued 5 and 10 kwanzas banknotes as part of the family of banknotes first introduced in 2012.<ref>[http://banknotenews.com/files/50240dc9592e5b805477ae6249739fcb-4204.php Angola new 5-kwanza note (B550) confirmed] {{Webarchive|url=https://web.archive.org/web/20170624194608/http://www.banknotenews.com/files/50240dc9592e5b805477ae6249739fcb-4204.php |date=2017-06-24 }} Banknote News (banknotenews.com). January 19, 2017. Retrieved on 2017-01-19.</ref><ref>[http://banknotenews.com/files/f51c5eeb3ca8b2922226aac76c1cd3fb-4205.php Angola new 10-kwanza note (B551) confirmed] {{Webarchive|url=https://web.archive.org/web/20170624193839/http://www.banknotenews.com/files/f51c5eeb3ca8b2922226aac76c1cd3fb-4205.php |date=2017-06-24 }} Banknote News (banknotenews.com). January 19, 2017. Retrieved on 2017-01-19.</ref>

{|class="wikitable" style="font-size: 90%"
!colspan="9"|Banknotes of the Angolan Kwanza (2012 "Waterfalls" series)
|-
!colspan="2"| Image !!rowspan="2"| Value !!rowspan="2"| Main Colour !!colspan="3"| Description !!colspan="2"| Date of
|-
! Obverse !! Reverse !! Obverse !! Reverse !! Watermark !! printing !! issue
|-
|
|
| 5 kwanzas
| Gray
| rowspan="2" | Embroidery; [[Agostinho Neto]] and [[José Eduardo dos Santos]]
| Ruacana waterfall
|
| rowspan="10" | October 2012
| rowspan="2" | 2017
|-
|
|
| 10 kwanzas
| Red
| Luena waterfall
|
|-
|
|
| 50 kwanzas
| Yellow-orange
| rowspan="2" | Carvings; [[Agostinho Neto]] and [[José Eduardo dos Santos]]
| Cuemba waterfalls
|
| rowspan="4" | 22 March 2013
|-
|
|
| 100 kwanzas
| Light brown
| Binga waterfalls
|
|-
|
|
| 200 kwanzas
| Light violet
| rowspan="6" | Embroidery; [[Agostinho Neto]] and [[José Eduardo dos Santos]]
| Tchimbue waterfalls
|
|-
|
|
| 500 kwanzas
| Orange
| Aundulo waterfalls
|
|-
|
|
| 1,000 kwanzas
| Light red
| Kalandula waterfalls
|
| rowspan="3" | 31 May 2013
|-
|
|
| 2,000 kwanzas
| Lime green
| Dande waterfalls
|
|-
|
|
| 5,000 kwanzas
| Light purple
| Kapanda hydroelectric dam, Kwanza River
|
|-
|
|
| 10,000 kwanzas
| Teal
| [[Giant sable antelope]]s
|
| Not issued<ref>{{Cite web|url=https://banknotenews.com/?p=30245|title=Angola 10,000-kwanza note (B552as) confirmed – BanknoteNews|date=29 August 2020 }}</ref>
|-
|}

====Third series====

In 2020, the Banco National de Angola introduced a new family of kwanza banknotes in denominations of 200, 500, 1,000, 2,000, 5,000 and 10,000 kwanzas. The new banknotes have a portrait of the first president of Angola, [[António Agostinho Neto]]. Banknotes of 200 to 2,000 kwanzas are printed on polymer substrate, while the 5,000 and 10,000 kwanzas banknotes are printed on cotton paper, with a 10,000-kwanza note to only be issued if necessary.<ref>[https://banknotenews.com/?p=21185 Angola new note family reported to be introduced in 2020] BanknoteNews (banknotenews.com). December 20, 2019. Retrieved on 2019-12-23.</ref>

{|class="wikitable" style="font-size: 90%"
!colspan="9"|Banknotes of the Angolan Kwanza (2020 series)
|-
!colspan="2"| Image !!rowspan="2"| Value !!rowspan="2"| Main Colour !!colspan="3"| Description !!colspan="2"| Date of
|-
! Obverse !! Reverse !! Obverse !! Reverse !! Watermark !! printing !! issue
|-
|
|
| 200 kwanzas
| Blue
| rowspan="5" | [[Agostinho Neto]]
| Pedras Negras de Pungo a Ndongo, Malange
|
| 
| 20 July 2020<ref name="bank">{{cite web |title=Notes and Coins |url=https://www.bna.ao/#/notas-moedas/notas/notas-moedas |website=Bank of Angola |access-date=15 July 2022}}</ref>
|-
|
|
| 500 kwanzas
| Brown
| Tundavala gap, Huila
|
| 
| 17 September 2020<ref name="bank" />
|-
|
|
| 1,000 kwanzas
| Violet
| Planalto Central mountain range, Huambo
|
| 
| 1 October 2020<ref name="bank" />
|-
|
|
| 2,000 kwanzas
| Green
| Leba mountain range, Huila
|
| 
| 11 November 2020<ref name="bank" />
|-
|
|
| 5,000 kwanzas
| Purple
| Ruins of the Cathedral of São Salvador do Congo
|
| 
| 4 February 2021<ref>{{cite web |title=New 5,000 Kwanza banknote goes into circulation February 4 |url=https://www.bna.ao/Conteudos/Artigos/detalhe_artigo.aspx?idc=175&idi=17332&idl=1 |website=Bank of Angola |access-date=15 July 2022 |url-status=dead |archive-date= 1 February 2021 |archive-url=https://web.archive.org/web/20210201171636/https://www.bna.ao/Conteudos/Artigos/detalhe_artigo.aspx?idc=175&idi=17332&idl=1}}</ref>
|-
|}

==Historical exchange rates==
*1977–1990: 29.918 kwanzas (AOK) or novos kwanzas (AON) per US dollar
*
{|class="wikitable"
|-
! Date !! Currency code and Name !! Rate (currency units per USD)
|-
| 1994 || AON novo kwanza  || 34,200 to 850,000
|-
| January to June 1995 || AON novo kwanza  || 1,000,000 to 2,100,000
|-
| 1 July 1995 || || '''1000 AON → 1 AOR (kwanza reajustado)'''
|-
| July to December 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 89.01 to 80.57
|-
| 2007 || AOA kwanza  || 80.57 to 74.78 to 75.16
|-
| 2008 || AOA kwanza  || 75.16
|-
| 2017 || AOA kwanza  || 165.09 
|-
| 2018 || AOA kwanza  || 238.801 to 308.61
|-
| 2019 || AOA kwanza  || 308.61 to 482.23
|-
| 2020 || AOA kwanza  || 482.23 to 649.49
|}

On several occasions during the 1990s, Angola's currency was the least valued currency unit in the world.{{citation needed|date=November 2014}}

{{Exchange Rate|AOA|INR|KRW}}

==Production==
The Angolan kwanza banknotes have been produced by [[De La Rue]] in England.<ref>{{Cite web |last=Plc |first=De La Rue |title=De La Rue in Kenya {{!}} About Us |url=https://www.delarue.com/kenya-about-us |access-date=2022-05-25 |website=www.delarue.com |language=en-gb}}</ref>{{Better source needed|reason=The current source is insufficiently reliable ([[WP:NOTRS]]).|date=May 2022}}

==See also==
* [[Economy of Angola]]

==References==
{{reflist}}

==External links==
* [https://web.archive.org/web/20090224181251/http://worldcoingallery.com/countries/Angola.php Coin Types from Angola] Lists, pictures, and values of Angola coin types
* [https://web.archive.org/web/20070117084237/http://www.coinsv.narod.ru/c_pages/angola.htm Collection of coin - Angola]

{{n-start|title=Kwanza}}
{{n-before|currency=[[Angolan escudo]]|reason=independence (in 1975)|ratio=at par}}
{{n-currency|location=[[Angola]]|start=1977|end=1990}}
{{n-after|currency=Novo kwanza|reason=government seized part of the money supply|ratio=at par (see article for more detail)}}
{{end}}

{{n-start|title=Novo kwanza}}
{{n-before|currency=Kwanza|reason=government seized part of the money supply|ratio=at par (see article for more detail)}}
{{n-currency|location=[[Angola]]|start=1990|end=1995}}
{{n-after|currency=Kwanza reajustado|reason=inflation|ratio=1 kwanza reajustado = 1000 novos kwanzas}}
{{end}}

{{n-start|title=Kwanza reajustado}}
{{n-before|currency=Novo kwanza|reason=inflation|ratio=1 kwanza reajustado = 1000 novos kwanzas}}
{{n-currency|location=[[Angola]]|start=1995|end=1999}}
{{n-after|currency=Kwanza|reason=inflation|ratio=1 kwanza = 1,000,000 kwanzas reajustados}}
{{end}}

{{n-start|title=Kwanza}}
{{n-before|currency=Kwanza reajustado|reason=inflation|ratio=1 kwanza = 1,000,000 kwanzas reajustados}}
{{n-currency|location=[[Angola]]|start=1999}}
{{n-after}}
{{end}}
{{Economy of Angola}}
{{Currencies of Africa}}
{{Portal bar|Africa|Money|Numismatics}}

{{Angola topics}}

{{DEFAULTSORT:Angolan Kwanza}}
[[Category:Currencies of Angola|Kwanza]]
[[Category:Currencies introduced in 1977]]
[[Category:Currencies of Africa]]
[[Category:Circulating currencies]]