Angola's Kwanza Hits 25-Year Low Against the Dollar

The Angolan kwanza has plummeted to an all-time low, reaching a level not seen in 25 years. As of September 11, 2024, the exchange rate stood at 1,250 kwanzas to one US dollar. This significant decline is a response from the government to ongoing economic difficulties in the country, including high levels of inflation and diminishing oil export revenues.

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