Old kwanza banknotes cease to circulate in Angola

2 January 2015

The kwanza notes of the series launched in 1999 by the National Bank of Angola stopped being accepted as a method of payment on 1 January, according to information previously released by the central bank.

Old notes may, however, be still be deposited at branches of retail banks until 30 June 2015.

The series, which remains valid for commercial transactions, was introduced in the Angolan economy in 2013, with the phased provision of coins of 50 cents, 1, 5 and 10 kwanzas.

The banknotes have a face value of 50, 100, 200, 500, 1000, 2000 and 5000 kwanzas.

In addition to the withdrawal of old notes, the National Bank of Angola, according to an announcement made in December by the governor José de Lima Massano, is preparing to introduce new coins in 2015 with a face value of 50 and 100 kwanzas, after the launch of the 20 kwanza coin in 2014.

Given the changes underway, which are included in the commemorations of the 40th anniversary of the country’s independence, which is celebrated on 11 November 2015, Angola now has seven different coins and the same number of banknotes. (macauhub/AO)