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500 Kwanzas
| Issuer | Banco Nacional de Angola |
|---|---|
| Year | 1991 |
| Type | Log in to see details |
| Value | 500 Kwanzas (500 AON) |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BANCO NACIONAL DE ANGOLA 500 A VITÓRIA É CERTA (Translation: National Bank of Angola, Victory is Certain) |
| Reverse description | The central vignette presents a landscape view of the Pedras de Pungo Andongo, the distinctive basalt rock formations of Angola. The denomination is printed above the central design, while the national Coat of Arms appears in the lower left corner. |
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| Comments |
The 1991 Angolan 500 Kwanza note arrived late in a currency that was already collapsing. Inflation throughout the late 1980s and early 1990s was catastrophic — the kwanza had been introduced in 1977 to replace the colonial escudo at par, but by 1991 had lost virtually all purchasing power through a combination of civil war expenditure, oil revenue mismanagement, and Soviet subsidy withdrawal. Thomas De La Rue produced a well-engineered note for a denomination that was functionally worthless within months of issue.
The series was superseded in 1995 when the novo kwanza replaced the original at a rate of 1,000 to one.