350 Angolan kwanza (AOA) for one dollar (USD) is now the informal rate


With plummeting oil prices and an oil based economy, the Angolan currency has further lost its value, now with a street value of 350 kwanza (AOA) for one dollar (USD). The informal (street) value is now half of the official rate (itself well bellow last year’s value).

The challenges for the Angolan Government are always big in a country needing growth and stability; now they have become bigger, with inflation and loss of fiscal revenues. Notwithstanding the difficulties, Angola never lost its optimism even in (much more) difficult times – with creativity and hard work this will be only a temporary crisis.

Published by

Luís Chambel

Exploration & Research Mining Engineer, MSc Engineering Geology, MBA, PhD European Engineer -EUR ING; Euro Geologist - EURO GEOL

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