The Kwanza Reajustado was Angola's attempt to stabilize a currency that had been gutted by hyperinflation during one of Africa's longest and most destructive civil wars. Introduced in 1995 at a rate of 1,000 old Kwanzas to 1 Reajustado, the redenomination was essentially a cosmetic exercise — underlying inflation continued, and the Reajustado itself was abandoned by 1999 when the Kwanza was reintroduced at 1,000,000 Reajustados to 1 new Kwanza.
At the 5,000 denomination level, this note was already a mid-range transactional bill by the time it was issued, which tells you everything about where prices stood in Angola that year.
The Kwanza Reajustado was Angola's attempt to stabilize a currency that had been gutted by hyperinflation during one of Africa's longest and most destructive civil wars. Introduced in 1995 at a rate of 1,000 old Kwanzas to 1 Reajustado, the redenomination was essentially a cosmetic exercise — underlying inflation continued, and the Reajustado itself was abandoned by 1999 when the Kwanza was reintroduced at 1,000,000 Reajustados to 1 new Kwanza.
At the 5,000 denomination level, this note was already a mid-range transactional bill by the time it was issued, which tells you everything about where prices stood in Angola that year.