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100 000 Kwanzas Reajustados

Issuer Banco Nacional de Angola
Year 1995
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Size 163 × 70 mm
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Obverse description At right, a circular vignette contains a dual portrait: António Agostinho Neto (1922–1979), first President of Angola and founder of the MPLA, appears in the foreground, with José Eduardo dos Santos (1942–2017), second President of Angola, shown in the background. The denomination is indicated at left, with the national motto 'A VITÓRIA É CERTA' inscribed across the design.
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Protection type Watermark
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Comments

Angola's kwanza reajustado was introduced in 1995 as a transitional currency, replacing the original kwanza at a rate of 1,000 to 1 — itself already a corrective measure against the hyperinflationary damage accumulated during decades of civil war. The reajustado was never intended to be permanent; it lasted only until 1999, when the kwanza reajustado was in turn replaced by a second kwanza at 1,000,000 to 1.

G&D's Munich plant produced the series, with a watermark as the sole security provision — a notably thin specification for a denomination this large, reflecting the practical constraints of a wartime economy still dependent on external printing contracts.

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