Norwegian Krone to Angolan Kwanza

The Norwegian krone (symbol: kr, code: NOK, number 578) is the national currency of Norway, valid in the country since 1874 to have replaced the Norwegian daler. Although nominally the krone is subdivided into 100 ore, coins denominations of less than 1 crone have been discontinued, and ore has existed only electronically since 2012. The banknotes design bears traditional Scandinavian decorations depicting ships, lighthouses, sea waves, cod.

The exchange rate varies depending on oil prices and other economic factors. The average inflation index is low,e.g. in autumn 2019 it was only 1.8%. During 2017 - 2019, all old banknotes were replaced in the country. They can be exchanged in banks until 2028.

The Angolan kwanza (sign Kz, code AOA) is issued only in one country – Angola. Since 1999, one Angolan kwanza equals 100 centimos, but it was previously subdivided into lwei. The currency itself has been issued in 1977 replacing the old Angolan escudo.

A monetary reform restricted the exchange of escudo to new notes. The government turned a part of old units into debt obligations to the population. Now, the Angolan kwanza is printed at the Russian enterprise Goznak.