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500 000 Kwanzas
| Issuer | Banco Nacional de Angola |
|---|---|
| Year | 1991 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | Log in to see details |
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| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
| Reference(s) | P#134 |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BANCO NACIONAL DE ANGOLA 500000 A VITÓRIA É CERTA (Translation: National Bank of Angola, Victory is Certain) |
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| Signature(s) | Log in to see details |
| Protection type | Log in to see details |
| Protection description | portraits of Dr. José Eduardo dos Santos and António Agostinho Neto |
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| Comments |
Angola's 1991 hyperinflationary spiral forced the Banco Nacional de Angola to issue denominations that would have been unthinkable a decade earlier. The 500,000 Kwanza note is a direct product of that collapse — by the time it circulated, the civil war between the MPLA government and UNITA had been grinding for over fifteen years, hollowing out the formal economy and destroying any confidence in the currency's purchasing power.
Thomas De La Rue's involvement is notable mainly because the printing contract continued despite Angola's dire fiscal state. The single watermark security feature reflects a stripped-back specification — barely adequate for a denomination this large.