Angolan currency will be used again in Namibia

Angola signed a memorandum with Namibia that will allow their currencies to be used again in both countries. The objective of the Angolan authorities is that the Kwanza becomes one of the currencies of the SADC region.

 Economy and Development   February 20, 2023

Angolan currency will be used again in Namibia

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According to the governor of the National Bank of Angola, José de Lima Massano, “what we understood was to take a bigger step, not only having cash, exchanging Kwanza notes for Namibian dollars, but having today the most modern payment instruments, including debit cards from the Multicaixa network and also allowing commercial transactions, such as the use of letters of credit, to take place in the currency of both countries".

"The path we have been taking is technically more demanding because we want the payment infrastructures to work and dialogue, allowing transactions to take place quickly and safely", he said.

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