New kwanza notes go into circulation Friday in Angola

21 March 2013

The National Bank of Angola is due Friday to put “new family” kwanza notes into circulation, the central bank said in a statement published in Luanda.

In the statement the bank said that “as of 22 March notes with denominations of 50, 100, 200 and 500 kwanzas will be introduced to the market and on 31 May 1,000, 2,000 and 5,00 kwanza notes,” will go into circulation.

In terms of security, the new notes have different characteristics to current ones. They have a high-relief texture and watermark, as well as a metal filament, and a considerable improvement in the quality of paper used, ensuring greater confidence and security of Angola’s national currency.

The BNA said the new notes were replacing the old ones, “the 1999 series notes will remain in circulation and should be naturally accepted in all commercial and financial transactions until it is entirely replaced.” (macauhub)