Ver Angola

Banking and Insurance

BNA: 2012 series kwanza notes out of circulation as of January 2022

The National Bank of Angola (BNA) announced that as of January 1, 2022, the 200, 500, 1000, 2000 and 5000 kwanza notes, from the 2012 series, will no longer be accepted as a means of payment.

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According to the BNA, the measure comes under the terms of Notice No. 16/20 of 10 July, and the aforementioned notes from the 2012 series "are valid until 31 December 2021".

The withdrawal from circulation of the 2012 series kwanza notes will follow a schedule until 2026.

The central bank determines the period until December 31, 2021 for the circulation of the 2012 and 2020 series banknotes. As of January 1, 2022, the 2012 series banknotes "are no longer accepted as a means of payment" and January 1, 2022 to June 30, 2022 is the period in which the 2012 series notes "may be deposited in bank accounts at commercial banks".

The 2012 series banknotes may be exchanged for 2020 series banknotes, with denominations of 200, 500, 1000, 2000 and 5000 kwanzas (in circulation since July 30, 2020) at the BNA, in the period of July 1, 2022 on December 31, 2026.

The National Bank of Angola also recommends, in this communiqué, that the banknotes of the 2012 series "be deposited in due time with commercial banks or agents indicated by them".

The metallic coins from the 2012 series "were not replaced, so they will continue to circulate in the economy and should be accepted by everyone", observes the BNA.