kwanza

noun

kwan·​za ˈkwän-zə 

plural kwanzas also kwanza

the basic monetary unit of Angola see Money Table

Example Sentences

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, 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, 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, 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, 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, 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, 22 Aug. 2017

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Word History

Etymology

Kwanza (Cuanza), river in Angola

First Known Use

1978, in the meaning defined above