Make Payments in AOA - Angolan Kwanza
Pay in Angolan Kwanzas (AOA)
Global Exchange allows you to make international payments in AOA (Angolan Kwanza) with ease. Manage your beneficiaries in Angolan Kwanza, track your transactions in real-time, and enjoy a secure online platform. We do not apply exchange commission on your AOA operations (a spread is applied to the exchange rate, which slightly degrades the interbank rate on the currency pair traded). Your client rate is always communicated transparently before the validation of each of your transactions.
Receive Payments in Angolan Kwanza (AOA)
It is currently not possible to receive payments in AOA.
Global Exchange Answers All Your Questions About Payments in Angolan Kwanzas (AOA)
What is the timeframe for an AOA payment to be credited to the beneficiary's account?
It generally takes a minimum of 2 business days for an Angolan Kwanza transfer to be credited to the beneficiary's account. However, these timeframes are not contractual, and our partners responsible for executing and routing payments cannot be held liable if AOA payments are credited beyond 2 business days to the beneficiary's account. External events such as processing delays by intermediary banks, public holidays, execution time, or compliance checks can have a significant impact on payment receipt times.
What are the fees for an Angolan Kwanza (AOA) payment?
The fees applied to Angolan Kwanza (AOA) transfers generally range from 0 to 10 euros depending on the agreement with the Global Exchange trading room. The rate primarily depends on your annual AOA exchange volume and the number of Angolan Kwanza payments made during the year.
Are there minimum or maximum amounts for Angolan Kwanza (AOA) payments?
Global Exchange and its partners verify that your Angolan Kwanza flows are consistent with the data declared during account opening and consistent with your activity volume to ensure compliance and security. If there are restrictions on transaction volumes, they will be communicated to you well in advance of the validation of your operations.
What are the specific rules for executing an Angolan Kwanza (AOA) payment?
For payments in ANG via the SWIFT network, you must provide at least the following information:
• Full name of the beneficiary
• IBAN or local account number
• Reason for payment
Is it possible to modify an Angolan Kwanza (AOA) payment after it has been executed?
Yes, it is possible with some of our partners to modify an Angolan Kwanza (AOA) payment even after it has been sent in SWIFT. If you have, for example, made an error in the beneficiary's name or account number, the correction is made through a SWIFT amendment. If the payment was not executed via the SWIFT network, then it is not possible to make such amendments, and you must wait for the payment to be returned if applicable.
What are the public holidays when Angolan Kwanza (AOA) payments cannot be executed?
January 1st: New Year's Day (Año Nuevo)
Variable date: Carnival (Lunes y Martes de Carnaval)
March 24th: National Day of Memory for Truth and Justice (Día de la Memoria por la Verdad y la Justicia)
Variable date: Good Friday (Viernes Santo)
April 2nd: Day of the Veterans and the Fallen of the Malvinas War (Día del Veterano y de los Caídos en la Guerra de Malvinas)
May 1st: Labor Day (Día del Trabajador)
May 25th: May Revolution (Día de la Revolución de Mayo)
June 20th: Flag Day (Día de la Bandera)
July 9th: Independence Day (Día de la Independencia)
Variable date: Death of General José de San Martín (Paso a la Inmortalidad del General José de San Martín)
October 12th: Day of Respect for Cultural Diversity (Día del Respeto a la Diversidad Cultural)
Variable date: National Sovereignty Day (Día de la Soberanía Nacional)
December 8th: Immaculate Conception (Inmaculada Concepción de María)
December 25th: Christmas (Navidad)
History of the Angolan Kwanza
The Kwanza (AOA) has been the official currency of the Republic of Angola since 1977, introduced after the country's independence. It has undergone several reforms, notably due to periods of hyperinflation in the 1990s. The current Kwanza has been in circulation since 1999, replacing the readjusted Kwanza. It is subdivided into 100 cêntimos and issued by the National Bank of Angola (BNA). The Kwanza is widely used in domestic transactions, driven by economic growth linked to the oil sector.
Monetary Policy of the Angolan Kwanza
The National Bank of Angola (BNA) steers monetary policy with the aim of price stability, inflation control, and growth support. It uses instruments such as the key interest rate, money supply regulation, and reserve requirements. The exchange rate regime is flexible, but the BNA regularly intervenes to limit USD/AOA rate volatility. The banking sector is also subject to strict oversight to combat money laundering and strengthen the currency's credibility.
Characteristics of the Angolan Kwanza
The Kwanza (AOA) is a non-convertible currency internationally, often used through specialized circuits for currency operations. Its value is closely linked to the performance of the oil sector. AOA banknotes feature security devices such as holograms, watermarks, and special inks. The payment system is being modernized, with gradual development of digital solutions and integration into international banking networks, although access to foreign currencies may remain limited locally.