Which African country has the Kwanza as its currency?
Angolan kwanza the family of banknotes first introduced in 2012. This table shows the historical value of one U.S. dollar in Angola kwanzas: On several occasions during the 1990s, Angola's currency was the least valued currency unit in the world. The Angolan kwanza banknotes have been produced by De La Rue in England. Angolan kwanza 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 (Cuanza, Coanza, Quanza). Kwanza was introduced following Angolan independence. It replaced the escudo at
Angolan kwanza inflation continued and no coins were issued. 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. 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 has now stabilized.