On June 26, this year, the National Assembly authorized the National Reserve Bank of Angola (BNA) to issue and put into circulation the notes of 5, 10, 50, 200, 500, 1000, 2000, 5000 and 10000 kwanzas.
The new 2012 series notes will bear different features from the current ones, particularly microprinting and ultraviolet features. The paper notes will bear a watermark depicting the figure of the "thinker", a symbol of the national culture. Among other features, the notes will also bear two lightly overlapped effigies of the late founder of the Nation, António Agostinho Neto and the incumbent head of State, José Eduardo dos Santos.
The BNA governor explained that there will be no replacement of banknotes as, he added, the new ones will be released gradually and will remain in circulation simultaneously with the currently valid ones.
The new coins will be of these denominations:
5 kwanzas
2 kwanzas
50 cents
10 cents
(news by Pabitra Saha)
(information taken from www.portalangop.co.ao and www.banknotenews.com)
LINK: Angola Press
LINK: Banknote News
I have hear that coins are much good than notes i mean to say that making of coins are less cost than the notes, is it true?
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