25 January 2013

Angola: Reserve Bank to Issue New Bank Notes, Metallic Coins

Photo: Google
Angolan Kwanza.

Luanda — The National Reserve Bank (BNA) is officially present and launching on Tuesday the new banks note and metallic coins, says a press note from the institution delivered to Angop has learnt.

The bill that authorizes BNA issuing and putting in circulation new bank notes and metallic coins of the country's currency, Kwanza, was approved by the National Assembly, on June 26, 2012.

On the occasion, BNA's governor, José de Lima Massano, said it is not a change of the national currency, as the new ones will be introduced slowly in the economy, simultaneously with the current ones until the last one be withdrawn.

The new bank notes are of one, five, 10, 100, 200, 500, 1000, 2,000, 5,000 and 10,000 Kwanza, whereas the coins are of 2, 5, 10 and 50 Kwanzas, as well as 10 centimes.

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