AOA to PKR

AOA - Angolan Kwanza (Kz)
PKR - Pakistani Rupee (Rs)
1 AOA1 PKR

Currency conversion rates from AOA to PKR

AOAPKR
1 AOA1 PKR
5 AOA5 PKR
10 AOA10 PKR
20 AOA20 PKR
50 AOA50 PKR
100 AOA100 PKR
250 AOA250 PKR
500 AOA500 PKR
1000 AOA1000 PKR
2000 AOA2000 PKR
5000 AOA5000 PKR
10000 AOA10000 PKR
PKRAOA
1 PKR1 AOA
5 PKR5 AOA
10 PKR10 AOA
20 PKR20 AOA
50 PKR50 AOA
100 PKR100 AOA
250 PKR250 AOA
500 PKR500 AOA
1000 PKR1000 AOA
2000 PKR2000 AOA
5000 PKR5000 AOA
10000 PKR10000 AOA

AOA - Angolan Kwanza (Kz)

Angolan Kwanza

The Angolan Kwanza (AOA) is the currency currently used in Angola. The Kwanza was introduced in 1999, replacing the "Kwanza Reajustado" (AOK).  AOA is subdivided into coin denominations of 100 centimos, and is denoted by the symbol Kz.

The Angolan Kwanza is the currency in Angola (AO, AGO). The symbol for AOA can be written Kz. The Angolan Kwanza is divided into 100 lwei. The exchange rate for the Angolan Kwanza was last updated on May 24, 2019 from Yahoo Finance. The AOA conversion factor has 5 significant digits.

Economy

  • Angola is rated as one of the fastest-growing economies in the world.
  • The Angolan GDP in 2010 had an average growth of 11.1%.
  • The country’s main resources are gas, oil, agriculture, and diamonds.
  • There is mismanagement and corruption in the oil industry, which prevents the economy from growing at a faster rate.
  • Angola imports vehicles, food, medicine, electrical equipment, machinery, and military goods.
  • Export goods are mainly petroleum, crude oil, fish, coffee, diamonds, cotton, and timber.
  • The current inflation rate is 13.1%.
  • A third of Angola’s population is reliant on agriculture. Although the country is showing substantial growth, it still has a great deal of poverty, due to the civil war that waged from the 1975 to 2002.

    History

    • From 1977 to 1990, the Kwanza (AOK) was in circulation at a rate of 1 Kwanza = 1 Escudo.
    • In 1990, the Novo Kwanza (AON) was introduced at a rate of 1 Novo Kwanza = 1 Kwanza.
    • From 1995 to 1999, the Kwanza Rejustado (AOR) was in circulation. 1 Kwanza Reajustado = 1,000 Novo Kwanzas.
    • Since 1999, the new Kwanza (AOA) has been in circulation. 1 Kwanza = 1,000,000 Kwanza Reajustado. The 50 and 10 centimo denominations are no longer in circulation.

      More information about AOA - Angolan Kwanza (Kz)


      PKR - Pakistani Rupee ()

      The Pakistani rupee is the currency of Pakistan. The currency code for the rupee is PKR, and it’s written as ‘Rs’ or روپیہ in Urdu. In Pakistan, the rupee is also sometimes spelled ‘rupees’, ‘rupaya’, ‘rupaye’, or ‘rupiyah’. The modern Pakistani rupee was put into circulation following the dissolution of the British Raj in 1947. It is a fiat currency.

      The Rupee is the official currency of Pakistan. The currency is managed by the Bank of Pakistan, the main financial institution of the nation.

      The Pakistan Rupee is the currency in Pakistan (PK, PAK). The symbol for PKR can be written Rs. The Pakistan Rupee is divided into 100 paisa. The exchange rate for the Pakistan Rupee was last updated on January 31, 2019 from The International Monetary Fund. The PKR conversion factor has 6 significant digits.

      Economy

      • The economy of Pakistan has endured decades of domestic political feuds, a fast-growing population, varying levels of overseas investment, and an expensive, ongoing border dispute with India.
      • Significant macroeconomic amendments beginning in 2000, in particular privatizing the banking sector, have helped the economy.
      • In 2005, the World Bank named Pakistan the top reformer in its area and among the top 20 reformers globally.
      • The central financial institution is trying to tighten money policy while still encouraging growth.
      • Recurring international worker remittances are helping to build foreign exchange reserves, however the country faces a growing current account deficit due to the high reliance on imports. The increasing trade deficit could draw down these reserves and slow GDP growth in the near future.

      History

      • The word Rupee is from the Sanskrit word rup or rupa, which means silver in most Indo-Aryan dialects.
      • The Pakistani Rupee was put into circulation in 1947, after the nation became independent from British Rule.
      • For some time after independence, Pakistan used Indian cash and banknotes with Pakistan stamped on them.
      • The current cash and banknotes were issued beginning in 1948. (Seems to contradict the second bullet.)
      • Similar to the Indian Rupee, the Pakistan Rupee was originally divided into sixteen annas, each composed of four pice or 12 pie.
      • The Pakistan Rupee was decimalized on January 1, 1961 and partitioned into a hundred pice; the name was changed to pais later the same year.

      More information about PKR - Pakistani Rupee ()