Angola's 2022 coinage program marked the fiftieth anniversary of independence and coincided with the government's continued efforts to stabilize a currency that had lost roughly 95% of its value against the dollar in the decade prior. The "Peace and National Reconciliation" designation references the 2002 Luena Memorandum, which formally ended a 27-year civil war between the MPLA government and UNITA — one of the Cold War's longest and most destructive proxy conflicts, leaving an estimated 500,000 dead and four million displaced.
Nickel-steel clad construction was chosen partly for durability in a tropical circulation environment where earlier cupro-nickel issues degraded rapidly.
Angola's 2022 coinage program marked the fiftieth anniversary of independence and coincided with the government's continued efforts to stabilize a currency that had lost roughly 95% of its value against the dollar in the decade prior. The "Peace and National Reconciliation" designation references the 2002 Luena Memorandum, which formally ended a 27-year civil war between the MPLA government and UNITA — one of the Cold War's longest and most destructive proxy conflicts, leaving an estimated 500,000 dead and four million displaced.
Nickel-steel clad construction was chosen partly for durability in a tropical circulation environment where earlier cupro-nickel issues degraded rapidly.