Angola’s Kwanza Bucks Trend With Best Gain to Dollar Since 1999
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Just a handful of currencies made headway against the mighty dollar in 2021. Angola’s kwanza is one of them.
The currency of Africa’s third-biggest oil producer has strengthened 15% this year, buoyed by surging crude prices, a credit-rating upgrade and a hawkish central bank. That puts it on track for its best annual performance since 1999, when the current version of the kwanza was introduced.