Angolan Kwanza in West African Franc

AOA Angolan Kwanza

Country of application:
Angola

Coin denominations in circulation:
1, 5, 10, 50, 100, 200, 500, 1000, 2000, 5000 kwanzas.

Denominations of banknotes in circulation:
1, 2, 5, 10, 20, 50, 100 kwanzas

History reference:
Kwanza is the official Angolan currency. The Angolan kwanza has the international designation AOA, and the designation Kzr is accepted within the country. This Angolan currency has been in effect sin...ce 2000, when the denomination of banknotes took place. The name of the currency of Angola comes from the name of the main river. During the entire existence of the monetary life of Angola, the kwanza was reborn several times. The first version of the kwanza was released in 1977, replacing the previous escudo at a ratio of 1:1. The first kwanza lived until 1990 and then was replaced by a new kwanza. But local residents could not sufficiently exchange old money for new ones, but they could convert money into government debt obligations. In 1995, in parallel with the existing kwanza, another adjusted kwanza was issued.

XOF West African Franc

Country of application:
Benin, Burkina Faso, Cote dIvoire, Guinea-Bissau, Mali, Niger, Senegal, Togo

Coin denominations in circulation:
1, 5, 10, 25, 50, 100, 200, 250, 500 CFA francs.

Denominations of banknotes in circulation:
500, 1000, 2000, 5000, 10,000 CFA francs.

History reference:
The CFA franc was introduced as the single currency of the French territories of West and Central Africa on December 26, 1945. By this time, the Franc Zone (an alliance created on the basis of former... French colonies) existed for about four years and was considered a voluntary association of participating countries. At first, the common currency was the French franc, but after the adoption of a decree in 1945, the CFA franc was introduced into circulation. The currency ratio was as follows: 1 CFA franc = 1.70 French francs. On November 20, 1963, Togo officially joined the Monetary Union. Mauritania leaves the Monetary Union in 1973. In the middle of 1984, Mali returned to the union. On January 10, 1994, after lengthy meetings, an agreement was reached in Dakar on the transformation of the West African Monetary Union into the West African Economic and Monetary Union, to which, on May 2, 1997, the Republic of Guinea-Bissau joined, replacing the significantly depreciated peso in circulation on its territory Guinea-Bissau to CFA franc BCEAO.