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kwanza
1[kwahn-zuh]
noun
plural
kwanza, kwanzasa paper money, cupronickel coin, and monetary unit of Angola, equal to 100 lwei: replaced the escudo in 1977.
kwanza
/ ˈæԳə /
noun
the standard monetary unit of Angola, divided into 100 lwei
51Թ History and Origins
Origin of kwanza1
Example Sentences
"For the kwanza, it was the decision of the central bank to stop defending the currency as a result of low oil prices and greater debt payments."
Angola's central bank kept its main interest rate unchanged at 17% on Friday, citing a sharp depreciation of the local kwanza currency that is stoking inflationary pressure.
The government had allocated 1.3 million kwanzas for the group, but that had not yet been paid.
While Dos Santos was chair of Sonangol, it agreed to let Dokolo’s vehicle make the repayment in Angola’s volatile currency, the kwanza.
As inflation spiralled, new governors of the Angolan central bank have tried to rein in the local currency, the kwanza.
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When To Use
Kwanza is another spelling of Kwanzaa, a holiday in celebration of African heritage and Black culture and values that’s observed from December 26 to January 1.Kwanzaa is sometimes seen spelled with only one a at the end, as Kwanza, but Kwanzaa is generally considered the proper spelling.It is primarily observed by African Americans in the U.S. but is also celebrated in some other countries by members of the African diaspora—those whose ancestors came from Africa. Kwanzaa is an Afrocentric holiday but is not typically observed in Africa itself.As part of its celebration of the values of family and community, Kwanzaa has seven principles, each of which is named with a word in the African language of Swahili:
- umoja (unity)
- kujichagulia (self-determination)
- ujima (collective work and responsibility)
- ujamaa (cooperative economics)
- nia (purpose)
- kuumba (creativity)
- imani (faith)
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