The Angola National Assembly authorised the country’s central bank to issue and put into circulation coins of 50 and 100 kwanzas, an initiative included in the commemorations of the 40th anniversary of the country’s independence, Angolan news agency Angop reported.
Under the authorisation, the National Bank of Angola will be able to issue 50 million coins in denominations of 50 kwanzas and the same number of coins of 100 kwanzas.
The coins features include the term “Republic of Angola” and the raising of the flag on the proclamation of national independence, which took place on 11 November, 1975.
On the “head” side of the coins there is a child representing the Angolan pioneer and a mast with the national flag, with the inscription “40th Anniversary of National Independence, 1975 – 2015.”
The 50 kwanza coin has metallic colour, while the 100 kwanza coin is bronze coloured and both are semi-serrated.
Following this authorisation, by the end of the year Angola will have six different coins (50 cents, 1, 5, 10, 50 and 100 kwanzas) in circulation and seven notes (50, 100, 200, 500, 1,000, 2,000 and 5,000 kwanzas). (macauhub/AO)