Angola unveils new polymer notes reported for introduction in 2020

According to a press release dated 7 July 2020, the Banco Nacional de Angola is intoducing a new family of notes to commemorate the 45th anniversary of independence, declared on 11 November 1975 by Agostinho Neto, the first president of Angola, whose portrait appears on the front of the notes. The backs depict natural wonders of the nation. The most commonly used denominations (200, 500, 1,000, and 2,000 kwanzas) are printed on polymer substrate to increase longevity. The notes are printed by unspecified firms in Germany, Russia, and the United States (most likely Giesecke & Devrient, Goznak, and Crane).

The new 200-kwanza notes are scheduled for introduction on 30 July 2020, followed by 500-kwanza notes in September, 1,000-kwanza notes in October, and 2,000-kwanza notes in November. New paper 5,000-kwanza note—currently the largest denomination—are scheduled for January 2021. There’s no word on the fate of the smaller denominations (5, 10, 50, and 100 kwanza), but the bank explicitly stated that a 10,000-kwanza note isn’t expected unless absolutely necessary.

Courtesy of Marco Pache.

1 Comment

  1. Long awaited, interesting to see the comparison between selling prices and exchange rates 🙂

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