Angolan Kwanza in South African Rand

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.

ZAR South African Rand

Country of application:
Namibia, South Africa

Coin denominations in circulation:
5, 2, 1 rand, 50, 20, 10, 5 cents.

Denominations of banknotes in circulation:
200, 100, 50, 20 and 10 rand.

History reference:
The name rand (rand) comes from the name of the mountain range, the name of which sounds like the Witwatersrand (in one of the official languages of South Africa, Afrikaans Witwatersrand). This mount...ain range is located in the South African province of Gauteng, which is famous for the largest gold deposits in the country. The South African rand was first introduced into circulation in February 1961, shortly before the founding of the Republic of South Africa. The rand replaced the South African pound at a rate of 2 rand to 1 pound. Up until the early 1970s, the rand was worth about 1.5 rand to the US dollar. However, in the following decades, the rand quickly depreciated, and at the turn of the 21st century and during the Great Recession, it changed significantly. As the political landscape changed in the early 1990s, the rand slowly depreciated to record lows due to uncertainty. The fall was exacerbated when land reform began in 2001. Shortly after the 9/11 attacks, global uncertainty took its toll and the rand plummeted again to 13 rand per US dollar.