Money Tips

Fan of Angolan Kwanza banknotes held in a hand against a pink background, representing local currency.

💵 Everything You Need to Know About Money in Luanda – Kwanza, Exchange Tips & Currency Advice

Travelling to Angola soon? This guide will help you understand the local currency (Kwanza), where to exchange money, and essential advice to avoid common pitfalls while in Luanda.

🪙 What is the Angolan Kwanza (AOA)?

The Angolan Kwanza (Kz) is the official currency in Angola. You’ll commonly find banknotes in denominations from 200 to 10.000 Kz and coins from 10 Kz upwards.

🔄 Where to Exchange Money in Luanda

  • The safest option is to use official bureaux de change found in malls, near major hotels, or in banks throughout Luanda. Avoid informal “street exchanges” to ensure you’re not being misled with poor rates.

  • If you prefer digital convenience, services like Wise are an excellent choice: they offer mid-market exchange rates with low fees and even a multicurrency card you can use in Angola.

  • Avoid changing money at airports or hotels, which tend to offer unfavourable rates and high fees.

📱 ATMs, Cards & Digital Payments

  • ATMs in Luanda dispense only Kwanza. Withdrawals are possible with Visa debit/credit cards but may fail if machines are out of cash.

  • If your bank offers cash withdrawal partnerships, it can help avoid high ATM fees.

  • When paying by card at hotels or retailers, always choose to be charged in Kwanza to avoid conversion markups.

  • Travel cards from Wise, Revolut, or YouTrip are popular for offering fair exchange rates and low or no fees on Kwanza withdrawals.

  • 🏧 In Angola, ATMs are commonly called “multicaixas” — a term you’ll often hear when asking for directions or looking for a cash machine in Luanda.

🔒 Important Safety Tips

  • Bring your passport or valid ID when exchanging money—it’s required by official exchangers.

  • Don’t exchange money on the street — black market exchanges are illegal and risky.

  • Kwanza cannot be taken out of Angola. You’ll be required to exchange any remaining currency before leaving.

💡 Quick Tips for Travellers

  • Before exchanging money, check the current exchange rate online or via apps so you can spot fair deals and avoid overcharges.

  • Carry only as much cash as you need for the day; for larger needs, use ATMs or digital cards.

  • Notify your bank if you plan to withdraw cash abroad to avoid potential blocks.