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 (which is also written as: Cuanza, Coanza, Quanza). Overview First kwanza, AOK, 1977???1990 Kwanza was introduced following Angolan independence. It replaced the escudo at 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...

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wikidata.org 0 views · 2024-12-26 18:27:50