Next Friday, January 1st 2021 the new 5000 kwanzas banknote will go into circulation. Since the kwanzas family moving process started in July this year, this is the fifth banknote to be introduced.
The 5000 bill joins the 200, 500, 1000 and 2000 kwanzas bills which have previously been introduced.
(Image from CoinWorld)
The National Bank of Angola (BNA) has so far already spent 30 million dollars in the process of issuing these new banknotes.
The new family of kwanzas notes where brought into circulation on 30 July, with the 200 Kwanza note being the first to be introduced. The 500, 1000 and 2000 kwanza notes followed in September, October and November.
The old banknotes will remain valid until the end of next year but will no longer be accepted as from January 2022.
Old banknotes can be exchanged for new ones until 2025. Exchanges can be made at commercial banks until December 2021, after this date they can be made at BNA facilities until 2025.