The currency of Angola is the Angolan kwanza, abbreviated as AOA. The kwanza has been the official currency since 1977, replacing the former currency, the escudo, following Angola's independence from Portugal. The kwanzas is subdivided into 100 centimos, though the centimo is rarely used in everyday transactions. The currency has faced challenges concerning inflation and economic stability due to fluctuations in oil prices, which heavily influence Angola's economy. Understanding the kwanza is critical for engaging in commerce and travel within Angola, as it reflects the country's economic dynamics.