Talk:Angolan kwanza

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Centimos? What happened to the lwei?

"The first kwanza replaced the escudo at par. It was divided into 100 lwei." This is the first sentance. I don't know what escudo or par or lwei are, and I am looking at this article (presumably) to figure out what kwanza is. There is no noun in that sentance that does not need explaining.

Are you an idiot? "Par" is an English word. Kwanza is what you call a dollar, and lwei is what you call a penny/cent. Maybe you were looking for Kwanzaa?

[edit] Devaluation

From what I can tell, this currency was devaluated by a factor of 1,000,000,000 over the course of five years. That's mind-boggingly huge. Shouldn't there be some explanation as to why SOMEWHERE in WP? I couldn't find anything on the page for Angola, nor could I find anything here. — Music Maker 22:12, 12 October 2006 (UTC)

Civil war, perhaps. --ChoChoPK (球球PK) (talk | contrib) 23:31, 12 October 2006 (UTC)

[edit] Kwanza Reajustado

Although the exchange rate to the previous kwanza was 1000 to one, such was the low value of the old kwanza that the smallest denomination of banknote issued was 1000 kwanza reajustado. The inflation continued with denominations reaching 5 million kwanza reajustado. No coins were issued. - if the value was so low, why was the revaluing only 1:1000? Why not 1:1,000,000? It seems odd to revalue a currency, and still be left with such a small value that 1 kwanza reajustado is too small to have its own bill or coin Nik42 22:48, 7 November 2006 (UTC)

I will look into it. If I don't have an answer in a few days, just drop me a message. --ChoChoPK (球球PK) (talk | contrib) 00:16, 8 November 2006 (UTC)

If you're asking if 1:1000 correct, it is, see [1]. As to why they did this, it isn't unheard of that, under conditions of hyperinflation, a plan is devised for a revaluation that is overtaken by the inflation, leading to the ratio seeming to be far to small. Something similar happened to the Yugoslav dinar at the beginning of 1994.
Dove1950 23:52, 8 November 2006 (UTC)