kwanza

noun
kwan·​za | \ ˈkwän-zə How to pronounce kwanza (audio) \
plural kwanzas also kwanza

Definition of kwanza

the basic monetary unit of Angola — see Money Table

Examples of kwanza in a Sentence

Recent Examples on the Web Between March 2018 and March 2019 (when the surveys for the index were conducted), the Angolan kwanza fell 49% versus the US dollar. Yomi Kazeem, Quartz Africa, "Angola has become a much cheaper country for foreign expats—but not for locals," 9 Aug. 2019 And that’s the root of Angola’s fall in the rankings: in Jan. 2018, the government ditched its currency peg to the dollar and essentially devalued its local kwanza currency. Yomi Kazeem, Quartz Africa, "Angola has become a much cheaper country for foreign expats—but not for locals," 9 Aug. 2019 Mr Lourenço has unpegged Angola’s currency, the kwanza, from the dollar, prompting it to fall by 27% since January. The Economist, "Angola’s new president, João Lourenço, has made an encouraging start," 3 May 2018 Angola’s Eurobonds have outperformed those of most other emerging markets in the past few months, thanks in part to reforms under new President Joao Lourenco, including a devaluation of the kwanza. Bloomberg.com, "On Sale: This Year’s Juiciest Dollar Bond, Paying Close to 10%," 2 May 2018 Real estate and art are used to hedge against what many expect to be a precipitous decline in the kwanza. Henrique Almeida, Bloomberg.com, "Angolans Get Creative When the Dollars Dry Up," 14 Sep. 2017 João Lourenço, a former general who is favored to win Wednesday’s election, has promised to increase transparency as low oil prices have crippled government resources and the kwanza currency. Patricia Kowsmann, WSJ, "Corruption Cases Cast a Pall Over Angola’s Coming Presidential Election," 22 Aug. 2017

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'kwanza.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of kwanza

1978, in the meaning defined above

History and Etymology for kwanza

Kwanza (Cuanza), river in Angola

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The first known use of kwanza was in 1978

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Cite this Entry

“Kwanza.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/kwanza. Accessed 21 Oct. 2020.

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