Angolan kwanza
Updated: 12/20/2025, 3:03:21 PM Wikipedia source
The kwanza (sign: Kz; ISO 4217 code: AOA) is the currency of Angola. Four different currencies using the name kwanza have circulated since 1977. The currency derives its name from the Kwanza River (which is also written as: Cuanza, Coanza, Quanza).
Infobox
Code
AOA (numeric: 973) before 2000: AOK, AON, AOR
Subunit
0.01
Symbol
Kz
mw- 1⁄100
cêntimo
Banknotes
200, 500, 1,000, 2,000, 5,000 kwanzas
Freq. used
10, 20, 50, 100 kwanzas
Rarely used
50 cêntimos, 1 and 5 kwanzas
Replaced
Angolan escudo
User(s)
Angola
Central bank
Banco Nacional de Angola
Website
www.goznak.ru
Printer
Goznak
Inflation
10.81%
Source
Banco Nacional de Angola, 2023.
Tables
· Overview
1958
1958
Start date
1958
Finish date
8 Jan 1977
Currency unit
Angolan escudo
Subunit
100 centavos
8 Jan 1977
8 Jan 1977
Start date
8 Jan 1977
Finish date
24 Sep 1990
ISO 4217
AOK
Currency unit
Kwanza
Subunit
100 lwei
Notes
1 kwanza = 1 Angolan escudo
25 Sep 1990
25 Sep 1990
Start date
25 Sep 1990
Finish date
30 Jun 1995
ISO 4217
AON
Currency unit
Novo kwanza
Subunit
none
Notes
1 novo kwanza = 1 kwanza
1 Jul 1995
1 Jul 1995
Start date
1 Jul 1995
Finish date
30 Nov 1999
ISO 4217
AOR
Currency unit
Kwanza reajustado
Subunit
none
Notes
1 kwanza reajustado = 1000 novos kwanzas
1 Dec 1999
1 Dec 1999
Start date
1 Dec 1999
Finish date
present
ISO 4217
AOA
Currency unit
Kwanza
Subunit
100 cêntimos
Notes
1 kwanza = 1,000,000 kwanzas reajustados
| Start date | Finish date | ISO 4217 | Currency unit | Subunit | Notes |
| 1958 | 8 Jan 1977 | Angolan escudo | 100 centavos | ||
| 8 Jan 1977 | 24 Sep 1990 | AOK | Kwanza | 100 lwei | 1 kwanza = 1 Angolan escudo |
| 25 Sep 1990 | 30 Jun 1995 | AON | Novo kwanza | none | 1 novo kwanza = 1 kwanza |
| 1 Jul 1995 | 30 Nov 1999 | AOR | Kwanza reajustado | none | 1 kwanza reajustado = 1000 novos kwanzas |
| 1 Dec 1999 | present | AOA | Kwanza | 100 cêntimos | 1 kwanza = 1,000,000 kwanzas reajustados |
· First kwanza, AOK, 1977–1990 › Coins
Image
Image
First kwanza coins
Image
First kwanza coins
Value
First kwanza coins
Composition
First kwanza coins
Diameter
First kwanza coins
Weight
First kwanza coins
Thickness
First kwanza coins
Edge
First kwanza coins
Issued
| First kwanza coins | |||||||
| Image | Value | Composition | Diameter | Weight | Thickness | Edge | Issued |
| 50 lwei | copper-nickel | 16 mm | 2 g | 1.5 mm | Reeded | 1977-1979 | |
| 1 kwanza | copper-nickel | 20.9 mm | 3.91 g | 1.8 mm | Reeded | 1977-1979 | |
| 2 kwanzas | copper-nickel | 23.2 mm | 5 g | 1.82 mm | Reeded | 1977 | |
| 5 kwanzas | copper-nickel | 25.5 mm | 7 g | 2.05 mm | Reeded | 1977 | |
| 10 kwanzas | copper-nickel | 27.5 mm | 7.7 g | 2 mm | Reeded | 1977-1978 | |
| 20 kwanzas | copper-nickel | 29 mm | 10 g | 1.9 mm | Reeded | 1978 | |
· Novo kwanza, AON, 1990–1995 › Coins
Image
Image
Novo kwanza coins
Image
Novo kwanza coins
Value
Novo kwanza coins
Composition
Novo kwanza coins
Diameter
Novo kwanza coins
Weight
Novo kwanza coins
Thickness
Novo kwanza coins
Edge
Novo kwanza coins
Issued
| Novo kwanza coins | |||||||
| Image | Value | Composition | Diameter | Weight | Thickness | Edge | Issued |
| 50 kwanzas | copper | 24 mm | 5.5 g | Reeded | 1991 | ||
| 50 kwanzas | copper-plated steel | 23.3 mm | 5 g | Reeded | 1992 | ||
| 100 kwanzas | copper | 27.3 mm | 8 g | Reeded | 1992 | ||
· Second kwanza, AOA, 1999– › Coins › First series
Value
Value
Coins
Value
Coins
Technical parameters
Coins
Description
Coins
Date of first minting
Diameter
Diameter
Coins
Diameter
Coins
Mass
Coins
Composition
Coins
Edge
Coins
Obverse
Coins
Reverse
10 cêntimos
10 cêntimos
Coins
10 cêntimos
Coins
15 mm
Coins
1.5 g
Coins
Copper-plated steel
Coins
Plain
Coins
State title, Coat of arms, year
Coins
Value
Coins
1999
50 cêntimos
50 cêntimos
Coins
50 cêntimos
Coins
18 mm
Coins
3 g
1 kwanza
1 kwanza
Coins
1 kwanza
Coins
21 mm
Coins
4.5 g
Coins
Cupronickel
Coins
Reeded
Coins
State title, Coat of arms, year
Coins
Value
Coins
1999
2 kwanzas
2 kwanzas
Coins
2 kwanzas
Coins
22 mm
Coins
5 g
5 kwanzas
5 kwanzas
Coins
5 kwanzas
Coins
26 mm
Coins
7 g
For table standards, see the coin specification table.
For table standards, see the coin specification table.
Coins
For table standards, see the coin specification table.
| 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 | Plain | 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. | |||||||
· Second kwanza, AOA, 1999– › Coins › Second series
Value
Value
Coins
Value
Coins
Technical parameters
Coins
Description
Coins
Date of first minting
Diameter
Diameter
Coins
Diameter
Coins
Mass
Coins
Composition
Coins
Edge
Coins
Obverse
Coins
Reverse
50 cêntimos
50 cêntimos
Coins
50 cêntimos
Coins
20.6 mm
Coins
3.8 g
Coins
Copper-nickel-plated steel
Coins
Plain
Coins
State title, Coat of arms, year
Coins
Value
Coins
2012
1 kwanza
1 kwanza
Coins
1 kwanza
Coins
22.1 mm
Coins
5.0 g
Coins
Brass-plated steel
Coins
Plain
5 kwanzas
5 kwanzas
Coins
5 kwanzas
Coins
25 mm
Coins
7.0 g
Coins
Bi-metallic nickel-brass centre in copper-nickel ring
Coins
Reeded
10 kwanzas
10 kwanzas
Coins
10 kwanzas
Coins
27 mm
Coins
8.0 g
Coins
Bi-metallic copper-nickel centre in nickel-brass ring
Coins
Reeded
20 kwanzas
20 kwanzas
Coins
20 kwanzas
Coins
28 mm
Coins
11.64 g
Coins
Bi-metallic steel centre in brass ring
Coins
Interrupted reeded
Coins
Rainha Njinga
Coins
2014
50 kwanzas
50 kwanzas
Coins
50 kwanzas
Coins
26 mm
Coins
7.6 g
Coins
Copper-nickel-clad steel
Coins
Partially reeded
Coins
40 years of independence
Coins
2015
100 kwanzas
100 kwanzas
Coins
100 kwanzas
Coins
26.5 mm
Coins
8.6 g
Coins
Brass-clad steel
Coins
Partially reeded
For table standards, see the coin specification table.
For table standards, see the coin specification table.
Coins
For table standards, see the coin specification table.
| Coins | |||||||
| Value | Technical parameters | Description | Date of first minting | ||||
| Diameter | Mass | Composition | Edge | Obverse | Reverse | ||
| 50 cêntimos | 20.6 mm | 3.8 g | Copper-nickel-plated steel | Plain | State title, Coat of arms, year | Value | 2012 |
| 1 kwanza | 22.1 mm | 5.0 g | Brass-plated steel | Plain | |||
| 5 kwanzas | 25 mm | 7.0 g | Bi-metallic nickel-brass centre in copper-nickel ring | Reeded | |||
| 10 kwanzas | 27 mm | 8.0 g | Bi-metallic copper-nickel centre in nickel-brass ring | Reeded | |||
| 20 kwanzas | 28 mm | 11.64 g | Bi-metallic steel centre in brass ring | Interrupted reeded | Rainha Njinga | 2014 | |
| 50 kwanzas | 26 mm | 7.6 g | Copper-nickel-clad steel | Partially reeded | 40 years of independence | 2015 | |
| 100 kwanzas | 26.5 mm | 8.6 g | Brass-clad steel | Partially reeded | |||
| For table standards, see the coin specification table. | |||||||
· Second kwanza, AOA, 1999– › Banknotes › First Series
Image
Image
Banknotes of the Angolan Kwanza (1999-2011 series)
Image
Banknotes of the Angolan Kwanza (1999-2011 series)
Value
Banknotes of the Angolan Kwanza (1999-2011 series)
Main Colour
Banknotes of the Angolan Kwanza (1999-2011 series)
Description
Banknotes of the Angolan Kwanza (1999-2011 series)
Date of
Obverse
Obverse
Banknotes of the Angolan Kwanza (1999-2011 series)
Obverse
Banknotes of the Angolan Kwanza (1999-2011 series)
Reverse
Banknotes of the Angolan Kwanza (1999-2011 series)
Obverse
Banknotes of the Angolan Kwanza (1999-2011 series)
Reverse
Banknotes of the Angolan Kwanza (1999-2011 series)
Watermark
Banknotes of the Angolan Kwanza (1999-2011 series)
printing
Banknotes of the Angolan Kwanza (1999-2011 series)
issue
| Banknotes of the Angolan Kwanza (1999-2011 series) | ||||||||
| Image | Value | Main Colour | Description | Date of | ||||
| Obverse | Reverse | Obverse | Reverse | Watermark | printing | issue | ||
| 1 kwanza | Pink | Agostinho Neto and José Eduardo dos Santos | Women picking cotton | Sculpture | October 1999 | 1 December 1999 | ||
| 5 kwanzas | Light green | Serra da Leba | ||||||
| 10 kwanzas | Red | 2 antelopes | ||||||
| 50 kwanzas | Lime | Off-shore oil rig | ||||||
| 100 kwanzas | Yellow-brown | Banco Nacional de Angola | ||||||
| 200 kwanzas | Lilac | Aerial view of Luanda | November 2003 | 19 July 2004 | ||||
| 500 kwanzas | Orange | Cotton | ||||||
| 1000 kwanzas | Rose | Coffee plantation | ||||||
| 2000 kwanzas | Lime | Sea shore | ||||||
· Second kwanza, AOA, 1999– › Banknotes › Second series
Image
Image
Banknotes of the Angolan Kwanza (2012 "Waterfalls" series)
Image
Banknotes of the Angolan Kwanza (2012 "Waterfalls" series)
Value
Banknotes of the Angolan Kwanza (2012 "Waterfalls" series)
Main Colour
Banknotes of the Angolan Kwanza (2012 "Waterfalls" series)
Description
Banknotes of the Angolan Kwanza (2012 "Waterfalls" series)
Date of
Obverse
Obverse
Banknotes of the Angolan Kwanza (2012 "Waterfalls" series)
Obverse
Banknotes of the Angolan Kwanza (2012 "Waterfalls" series)
Reverse
Banknotes of the Angolan Kwanza (2012 "Waterfalls" series)
Obverse
Banknotes of the Angolan Kwanza (2012 "Waterfalls" series)
Reverse
Banknotes of the Angolan Kwanza (2012 "Waterfalls" series)
Watermark
Banknotes of the Angolan Kwanza (2012 "Waterfalls" series)
printing
Banknotes of the Angolan Kwanza (2012 "Waterfalls" series)
issue
| Banknotes of the Angolan Kwanza (2012 "Waterfalls" series) | ||||||||
| Image | Value | Main Colour | Description | Date of | ||||
| Obverse | Reverse | Obverse | Reverse | Watermark | printing | issue | ||
| 5 kwanzas | Gray | Embroidery; Agostinho Neto and José Eduardo dos Santos | Ruacana waterfall | October 2012 | 2017 | |||
| 10 kwanzas | Red | Luena waterfall | ||||||
| 50 kwanzas | Yellow-orange | Carvings; Agostinho Neto and José Eduardo dos Santos | Cuemba waterfalls | 22 March 2013 | ||||
| 100 kwanzas | Light brown | Binga waterfalls | ||||||
| 200 kwanzas | Light violet | Embroidery; Agostinho Neto and José Eduardo dos Santos | Tchimbue waterfalls | |||||
| 500 kwanzas | Orange | Aundulo waterfalls | ||||||
| 1,000 kwanzas | Light red | Kalandula waterfalls | 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 antelopes | Not issued | |||||
· Second kwanza, AOA, 1999– › Banknotes › Third series
Image
Image
Banknotes of the Angolan Kwanza (2020 series)
Image
Banknotes of the Angolan Kwanza (2020 series)
Value
Banknotes of the Angolan Kwanza (2020 series)
Main Colour
Banknotes of the Angolan Kwanza (2020 series)
Description
Banknotes of the Angolan Kwanza (2020 series)
Date of
Obverse
Obverse
Banknotes of the Angolan Kwanza (2020 series)
Obverse
Banknotes of the Angolan Kwanza (2020 series)
Reverse
Banknotes of the Angolan Kwanza (2020 series)
Obverse
Banknotes of the Angolan Kwanza (2020 series)
Reverse
Banknotes of the Angolan Kwanza (2020 series)
Watermark
Banknotes of the Angolan Kwanza (2020 series)
printing
Banknotes of the Angolan Kwanza (2020 series)
issue
| Banknotes of the Angolan Kwanza (2020 series) | ||||||||
| Image | Value | Main Colour | Description | Date of | ||||
| Obverse | Reverse | Obverse | Reverse | Watermark | printing | issue | ||
| 200 kwanzas | Blue | Agostinho Neto | Pedras Negras de Pungo a Ndongo, Malange | 20 July 2020 | ||||
| 500 kwanzas | Brown | Tundavala gap, Huila | 17 September 2020 | |||||
| 1,000 kwanzas | Violet | Planalto Central mountain range, Huambo | 1 October 2020 | |||||
| 2,000 kwanzas | Green | Leba mountain range, Huila | 11 November 2020 | |||||
| 5,000 kwanzas | Purple | Ruins of the Cathedral of São Salvador do Congo | 4 February 2021 | |||||
· Historical exchange rates
AON novo kwanza
AON novo kwanza
Date
1994
Currency code and Name
AON novo kwanza
Rate (currency units per USD)
34,200 to 850,000
AON novo kwanza
AON novo kwanza
Date
January to June 1995
Currency code and Name
AON novo kwanza
Rate (currency units per USD)
1,000,000 to 2,100,000
AOR kwanza reajustado
AOR kwanza reajustado
Date
July to December 1995
Currency code and Name
AOR kwanza reajustado
Rate (currency units per USD)
2,100 to 13,000
AOR kwanza reajustado
AOR kwanza reajustado
Date
1996
Currency code and Name
AOR kwanza reajustado
Rate (currency units per USD)
13,000 to 210,000 to 194,000
AOR kwanza reajustado
AOR kwanza reajustado
Date
1997
Currency code and Name
AOR kwanza reajustado
Rate (currency units per USD)
194,000 to 253,300
AOR kwanza reajustado
AOR kwanza reajustado
Date
1998
Currency code and Name
AOR kwanza reajustado
Rate (currency units per USD)
253,300 to 594,000
AOR kwanza reajustado
AOR kwanza reajustado
Date
1999
Currency code and Name
AOR kwanza reajustado
Rate (currency units per USD)
594,000 to 5,400,000
AOA kwanza
AOA kwanza
Date
2000
Currency code and Name
AOA kwanza
Rate (currency units per USD)
5.4 to 16.3
AOA kwanza
AOA kwanza
Date
2001
Currency code and Name
AOA kwanza
Rate (currency units per USD)
16.3 to 31.12
AOA kwanza
AOA kwanza
Date
2002
Currency code and Name
AOA kwanza
Rate (currency units per USD)
31.12 to 57.47
AOA kwanza
AOA kwanza
Date
2003
Currency code and Name
AOA kwanza
Rate (currency units per USD)
57.47 to 86.88 to 78.61
AOA kwanza
AOA kwanza
Date
2004
Currency code and Name
AOA kwanza
Rate (currency units per USD)
78.61 to 85.90
AOA kwanza
AOA kwanza
Date
2005
Currency code and Name
AOA kwanza
Rate (currency units per USD)
85.90 to 88.97 to 80.58
AOA kwanza
AOA kwanza
Date
2006
Currency code and Name
AOA kwanza
Rate (currency units per USD)
80.58 to 89.01 to 80.57
AOA kwanza
AOA kwanza
Date
2007
Currency code and Name
AOA kwanza
Rate (currency units per USD)
80.57 to 74.78 to 75.16
AOA kwanza
AOA kwanza
Date
2008
Currency code and Name
AOA kwanza
Rate (currency units per USD)
75.16
AOA kwanza
AOA kwanza
Date
2017
Currency code and Name
AOA kwanza
Rate (currency units per USD)
165.09
AOA kwanza
AOA kwanza
Date
2018
Currency code and Name
AOA kwanza
Rate (currency units per USD)
238.801 to 308.61
AOA kwanza
AOA kwanza
Date
2019
Currency code and Name
AOA kwanza
Rate (currency units per USD)
308.61 to 482.23
AOA kwanza
AOA kwanza
Date
2020
Currency code and Name
AOA kwanza
Rate (currency units per USD)
482.23 to 649.49
| 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 |
Kwanza · External links
| Preceded by:Angolan escudoReason: independence (in 1975)Ratio: at par | Currency of Angola 1977 – 1990 | Succeeded by:Novo kwanzaReason: government seized part of the money supplyRatio: at par (see article for more detail) |
Novo kwanza · External links
| Preceded by:KwanzaReason: government seized part of the money supplyRatio: at par (see article for more detail) | Currency of Angola 1990 – 1995 | Succeeded by:Kwanza reajustadoReason: inflationRatio: 1 kwanza reajustado = 1000 novos kwanzas |
Kwanza reajustado · External links
| Preceded by:Novo kwanzaReason: inflationRatio: 1 kwanza reajustado = 1000 novos kwanzas | Currency of Angola 1995 – 1999 | Succeeded by:KwanzaReason: inflationRatio: 1 kwanza = 1,000,000 kwanzas reajustados |
Kwanza · External links
| Preceded by:Kwanza reajustadoReason: inflationRatio: 1 kwanza = 1,000,000 kwanzas reajustados | Currency of Angola 1999 – | Succeeded by:Current |
References
- The Last Train to Zona Verde: Overland from Cape Town to Angolahttps://books.google.com/books?id=hy3Z8PyN5t0C&q=Kwanza+%3D%3D%5D&pg=PT268
- The Banknote Bookhttp://www.banknotebook.com
- Expansãohttps://expansao.co.ao/economia/interior/kwanza-continua-a-cair-mas-abranda-ritmo-de-depreciacao-face-as-principais-divisas-114053.html
- dw.comhttps://www.dw.com/pt-002/desvaloriza%C3%A7%C3%A3o-do-kwanza-%C3%A9-preciso-chamar-o-fmi/a-66062424
- Angola new 50-, 100-, 200-, and 500-kwanza notes confirmed Archived 2013-04-30 at the Wayback Machine BanknoteNews.com.http://banknotenews.com/files/add7c0ff3d4c7f66937292ba67c6f8d4-2531.php
- Angola new 1,000-, 2,000-, and 5,000-kwanza notes confirmed Archived 2013-08-09 at the Wayback Machine BanknoteNews.com.http://banknotenews.com/files/21ca62fc6c949659ef7c8ba856367bdf-2620.php
- Angola new 5-kwanza note (B550) confirmed Archived 2017-06-24 at the Wayback Machine Banknote News (banknotenews.com). Jhttp://banknotenews.com/files/50240dc9592e5b805477ae6249739fcb-4204.php
- Angola new 10-kwanza note (B551) confirmed Archived 2017-06-24 at the Wayback Machine Banknote News (banknotenews.com).http://banknotenews.com/files/f51c5eeb3ca8b2922226aac76c1cd3fb-4205.php
- "Angola 10,000-kwanza note (B552as) confirmed – BanknoteNews"https://banknotenews.com/?p=30245
- Angola new note family reported to be introduced in 2020 BanknoteNews (banknotenews.com). December 20, 2019. Retrieved ohttps://banknotenews.com/?p=21185
- Bank of Angolahttps://www.bna.ao/#/notas-moedas/notas/notas-moedas
- Bank of Angolahttps://web.archive.org/web/20210201171636/https://www.bna.ao/Conteudos/Artigos/detalhe_artigo.aspx?idc=175&idi=17332&idl=1
- www.delarue.comhttps://www.delarue.com/kenya-about-us