Luanda - The Central Bank of Angola (BNA) on April 4 launches a metallic coin with a face value of 200 kwanzas to commemorate the 20th anniversary of Peace and National Reconciliation in Angola, in an investment of USD 1.6 million.
The commemorative coin, to be distributed to the public by commercial banks, illustrates a fraternal embrace among Angolans, a symbol of reconciliation and union, according to a public note from the BNA to which ANGOP had access.
The new denomination, issued under Law no. 1/22, of 24 January, complements the coins in circulation, namely, 50 cents, Kz 1, Kz 5, Kz 10, Kz 20, Kz 50, Kz 100, making a total of eight metallic coins of the Kwanza bank notes and coins.
With the introduction of this new currency, the BNA expects that it will contribute to the economic progress of the country, thus, the Central Bank, reiterates the appeal for its proper use, conservation and valuation.
The governor of the BNA, José de Lima Massano, said at a press conference at the last meeting of the Monetary Policy Committee, held on 28 January, that for the issue of these coins US$1.6 million had been provided to the Russian company Goznak.
The new commemorative coins join the new Kwanza bank notes, the 2020 series, already in circulation.
The design on the coin was the result of a design competition held for the purpose, at national level, by the Central Bank.
Characteristics of the new coin
The coin is a single colour, silver-coloured and semi-serrated coin. On the reverse there is the face value, in the centre, and the inscription "Kwanzas", the basket as symbol of national culture and, at the base, the year of issue 2022.
On the front, the motif, represented by the fraternal embrace, which expresses the national union of Angolans, and the inscription "PEACE AND NATIONAL RECONCILIATION" at the top, stand out.
The inscription "2002 - 2022" also features, representing the period between the year in which the Agreement that brought definitive peace to Angola was signed and the year in which this coin was issued. The words "REPUBLIC OF ANGOLA" appear at the bottom.
As a security feature, the number 200 alternates with the letters "BNA" when the coin is tilted inside one of the zeros.
