ERN to AOA

ERN - Eritrean Nakfa (Nfk)
AOA - Angolan Kwanza (Kz)
1 ERN → 1 AOA

Currency conversion rates from ERN to AOA

ERNAOA
1 ERN1 AOA
5 ERN5 AOA
10 ERN10 AOA
20 ERN20 AOA
50 ERN50 AOA
100 ERN100 AOA
250 ERN250 AOA
500 ERN500 AOA
1000 ERN1000 AOA
2000 ERN2000 AOA
5000 ERN5000 AOA
10000 ERN10000 AOA
AOAERN
1 AOA1 ERN
5 AOA5 ERN
10 AOA10 ERN
20 AOA20 ERN
50 AOA50 ERN
100 AOA100 ERN
250 AOA250 ERN
500 AOA500 ERN
1000 AOA1000 ERN
2000 AOA2000 ERN
5000 AOA5000 ERN
10000 AOA10000 ERN

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)

      ERN - Eritrean Nakfa (ERN)

      Eritrean Nakfa

      The Eritrean Nakfa is the currency in Eritrea (ER, ERI). The symbol for ERN can be written Nfa. The Eritrean Nakfa is divided into 100 cents. The exchange rate for the Eritrean Nakfa was last updated on May 24, 2019 from Yahoo Finance. The ERN conversion factor has 4 significant digits.

      More information about ERN - Eritrean Nakfa (ERN)