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.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s