Pound Sterling to Angolan Kwanza — exchange rate

Country of Circulation: United Kingdom, Guernsey, Isle of Man, Jersey

Currency Code, Symbol: GBP, £

Denominations of coins in circulation: 1p, 2p, 5p, 10p, 20p, 50p, £1, £2

Denominations of banknotes in circulation: £1, £5, £10, £20, £50, £100

History: The British pound or pound sterling (symbol: £, code: GBP, number: 826) is the national currency of the United Kingdom of Great Britain. It is an official currency of Gibraltar, the Falkland Islands, Saint Helena. The GBP abbreviation is used to identify £ in the international financial arena.Change is called pence, also known as British pennies. One GBP has 100 pennies. It is one of the oldest world currencies. The currency was issued in 1694, replacing the East African rupee. In spite of mass euro introduction on the European territory, Great Britain refused to get rid of its local currency. Pound sterling has remained the main reserve currency for many governments for a long time.Read More

Country of Circulation: Angola

Currency Code, Symbol: AOA, Kz

Denominations of coins in circulation: 1, 2, 5, 10, 20, 50, 100 kwanzas

Denominations of banknotes in circulation: 1, 5, 10, 50, 100, 200, 500, 1,000, 2,000, 5,000 kwanzas

History: The Angolan kwanza (Kz) is issued only in one country – Angola. Traditionally, the AOA abbreviation is used to denote this monetary unit. Since 1999, one Angolan kwanza equals 100 centimos, but it was previously subdivided into lwei.The currency itself was issued in 1977 replacing the old Angolan escudo. A monetary reform restricted the exchange of escudo to new notes. The government turned a part of old units into debt obligations to the population. Now, the Angolan kwanza is printed at the Russian enterprise Goznak.Read More