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Need to know waht is the local currency in Angola? The currency used in Angola is called Kwanza.

The Angolan Kwanza is issued and managed by the Banco Nacional de Angola. To find out the current currency exchange rates for Kwanza to other major currencies of the world, click on foreign currency rates.

Angolan Currency Information
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The currency used in Angola is called as the Kwanza. This currency is denoted with the currency sign Kz and the ISO 4217 Code for the Angolan Kwanza is AOA. The Kwanza, is the official currency of the Angola . It is divided into 100 smaller units called cêntimo.

The constitution of Angola provides that the Angola government shall have the power to print the Angolan Kwanza and cêntimo coins to be used as a legal tender in Angola. The Angolan Kwanza bank notes and Cêntimo coins are both designated as "legal tender" in payment of debts.

The Angolan Kwanza bill uses the decimal system, consisting of 100 equal units.

The symbol Kz, usually written before the numerical amount, is used for the Angolan Kwanza.

Currently printed bank notes denominations are 10, 50, 100, 200, 500, 1,000, 2,000 kwanzas and the coins are minted in the denominations of 1, 2, 5 kwanzas 10, 50 cêntimos.

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The Effect of Balance of Trade and Investment on the Value of Angolan Kwanza
Financial analysts regularly cite the balance of trade and investment in Angola as the most important influence on the value of the Kwanza. The difference between what the Angola exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Kwanza exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Kwanza exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Angolan Kwanza.

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