Angolan Kwanza (AOA)
a.k.a. AOA, Kwanza
The official currency of Angola, code AOA, issued by the National Bank of Angola.
In plain English
The official currency of Angola, code AOA, issued by the National Bank of Angola.
The Angolan kwanza (AOA) rides on oil: crude makes up the bulk of Angola's exports, so when oil prices slump, dollars dry up and the kwanza tends to sag.
It has gone through sharp devaluations as authorities loosened control of the rate. It is an exotic and very rarely offered by retail brokers.
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