# kwanza

> currency of Angola

**Wikidata**: [Q200337](https://www.wikidata.org/wiki/Q200337)  
**Wikipedia**: [English](https://en.wikipedia.org/wiki/Angolan_kwanza)  
**Source**: https://4ort.xyz/entity/kwanza

## Summary
The kwanza is the currency of Angola, officially adopted on December 1, 1999. It replaced the Angolan kwanza (1977–1999) after Angola transitioned from a centrally planned economy to a market-based system. The new kwanza is denoted by the ISO code AOA and is issued by the National Bank of Angola.

## Key Facts
- The kwanza is the official currency of Angola, a country on the west coast of Southern Africa.
- It was introduced on December 1, 1999, replacing the previous Angolan kwanza (1977–1999).
- The currency is denoted by the ISO code AOA and is issued by the National Bank of Angola.
- Angola gained independence from Portugal in 1975 and later established a new democratic government in 1992.
- The National Bank of Angola, founded in 1976, is responsible for issuing and regulating the kwanza.
- The kwanza is also referred to as the Angolan kwanza and is commonly abbreviated as Kz.
- The currency is named after the Cuanza River, a significant geographical feature in Angola.

## FAQs
**What is the official name and abbreviation of Angola’s currency?**
The official name is the Angolan kwanza, abbreviated as Kz, and its ISO code is AOA.

**When was the current kwanza introduced, and what replaced it?**
The current kwanza was introduced on December 1, 1999, replacing the previous Angolan kwanza (1977–1999).

**Which bank issues and regulates the kwanza?**
The National Bank of Angola, established in 1976, is responsible for issuing and regulating the kwanza.

**What is the historical context of Angola’s currency system?**
Angola’s currency system evolved after independence from Portugal in 1975 and the establishment of a democratic government in 1992. The kwanza was introduced in 1977 and later replaced in 1999.

**How is the kwanza related to Angola’s geography?**
The kwanza is named after the Cuanza River, a major river in Angola.

## Why It Matters
The kwanza plays a crucial role in Angola’s economic system, facilitating trade and financial transactions. Its introduction in 1999 marked a shift from a centrally planned economy to a market-based economy, aligning with Angola’s democratic reforms. The currency is issued by the National Bank of Angola, which ensures stability and regulation. The kwanza’s existence reflects Angola’s transition from colonial rule to independence and its subsequent economic development.

## Notable For
- The kwanza is the official currency of Angola, a country with a rich history of independence movements and economic reforms.
- It was introduced in 1999, replacing the previous Angolan kwanza, signifying a major economic transition.
- The currency is named after the Cuanza River, highlighting Angola’s geographical significance.
- The National Bank of Angola, founded in 1976, is responsible for issuing and regulating the kwanza, ensuring financial stability.

## Body
### Currency Overview
The kwanza is the official currency of Angola, a country on the west coast of Southern Africa. It was introduced on December 1, 1999, replacing the previous Angolan kwanza (1977–1999). The currency is denoted by the ISO code AOA and is issued by the National Bank of Angola. The kwanza is also referred to as the Angolan kwanza and is commonly abbreviated as Kz.

### Historical Context
Angola gained independence from Portugal in 1975 and later established a new democratic government in 1992. The first kwanza was introduced in 1977, reflecting the country’s transition from colonial rule to independence. In 1999, Angola underwent further economic reforms, leading to the introduction of the current kwanza. This change marked a shift from a centrally planned economy to a market-based system.

### Issuing Authority
The National Bank of Angola, founded in 1976, is responsible for issuing and regulating the kwanza. The bank is headquartered in Luanda and plays a crucial role in maintaining financial stability in Angola. The National Bank of Angola ensures that the kwanza remains a reliable medium of exchange for goods and services.

### Geographical Significance
The kwanza is named after the Cuanza River, a major river in Angola. The Cuanza River is a significant geographical feature in Angola, flowing through the central part of the country. The naming of the currency after the river reflects Angola’s connection to its natural environment.

### Economic Impact
The introduction of the kwanza in 1999 had a profound impact on Angola’s economy. It facilitated the transition from a centrally planned economy to a market-based economy, aligning with Angola’s democratic reforms. The currency is widely accepted as a medium of exchange for goods and services, supporting Angola’s economic development.

### Related Entities
- **Angola**: A country on the west coast of Southern Africa, independent since 1975.
- **National Bank of Angola**: The state-owned bank responsible for issuing and regulating the kwanza.
- **Cuanza River**: A major river in Angola, named after which the currency is named.

## References

1. ISO 4217
2. Freebase Data Dumps. 2013
3. [Source](https://www.xe.com/currencycharts/?from=AOA&to=EUR)