The Angola Reserve Bank (BNA) announced this week they would release a new banknote series “early in 2013.”
The decision to issue a new series was approved by the National Assembly and passed into law by a majority vote of 155 to 15.
According to AngolaPress, one of the biggest selling points for the new notes was an upgrade in security features. The current Angolan Kwanza (AKZ) notes have not been updated since 1999. José de Lima Massano, the governor of the BNA, said the country should be upgrading their banknotes and coins to include modern security features every seven years.
“The new Kwanza banknotes will bear different features from the current ones, particularly micro-texts and makrs visible when exposed to violet light,” AngolaPress reported.
The new notes will also feature a watermark depicting the figure of “the thinker,” a symbol of the national Angolan culture, and two lightly overlapped effigies of the late founder of the nation António Agostinho Neto and the incumbent head of state, José Eduardo dos Santos.
Currently, the BNA issues 1, 5, 10, 50, 100, 200, 500, 1000 and 2000 kwanza notes but said the new series will also include 5000 and 10,000 notes. However, Massano said those higher denominations will only be released “as necessary.”
Massano also said there would be no strict replacement policy with the new banknotes, rather the old notes will be gradually replaced as the new ones enter circulation – a common practice when new banknotes are introduced.