AOA (Kz)

Currency: Angolan Kwanza

The kwanza is the official currency of Angola. It is subdivided into 100 cêntimos. The kwanza was introduced in 1977, replacing the escudo at par. The Angolan Kwanza is the official currency of Angola. It was introduced in 1977 to replace the previous currency, the Angolan escudo. The kwanza is issued by the National Bank of Angola and is subdivided into 100 centimos. The currency has been subject to high inflation, and the government has had to issue new banknotes in higher denominations to keep up with the rising cost of living. In recent years, the kwanza has been relatively stable, and the government has implemented policies to try to keep inflation under control.