The kwanza, Angola’s national currency, since 11 November, can be traded in both France and Portugal, according to a statement from Portuguese foreign exchange company NovaCâmbios.
In Mozambique and Namibia, where the company has branches, “we are waiting for authorisation from the central bank,” according to the statement cited by Angolan news agency Angop.
According to the chief executive of NovaCâmbios, Nuno Neves, the availability of the Angolan currency across the company’s network is part of a plan called “lets take the kwanza further,” “which is of great importance to Angolan communities across the world.”
Neves noted that the company in France has branches in the Champs Elisee and the Opera, “where the need to trade kwanzas is particularly strong.”
NovaCâmbios, Agência de Câmbios, is a Portuguese financial company supervised by the Bank of Portugal, and was set up in June 2000, with starting capital of 500,000 euros by Ultra SGPS, by Montepio Geral and individual investors.
The company is currently present in five countries and has 83 branches – 39 in Angola, 30 in Portugal, 9 in Namibia, 3 in France and 2 in Mozambique.