what is the currency of angola

The currency of Angola is the kwanza (sign: Kz; ISO 4217 code: AOA) . The kwanza has been in circulation since 1977, and it has undergone several denominations and changes over the years. The currency is subdivided into 100 centimos, and it is recognized as the official legal tender in Angola. The kwanza is issued by the Banco Nacional de Angola and is available in both coin and banknote form, with denominations ranging from 1 to 10,000 kwanzas. The current banknotes feature portraits of the first president of Angola, António Agostinho Neto, and the second president, José Eduardo dos Santos, along with various natural landmarks of Angola on the reverse side of the notes. Despite facing challenges such as inflation and fluctuations in value, the kwanza remains the official currency of Angola and is widely used in the country.