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

Angolan currency looses value (- 37%) in the last year


The Angolan currency (Kwanza- Kz) lost 37% of its value (in USD) as a result of last year’s crude oil price crash. A carbon-dependent economy (with oil and diamonds being, by far, the country’s largest exports), Angola was hard hit by the evolution of oil prices in the international markets. One USD was worth Kz … Continue reading Angolan currency looses value (- 37%) in the last year