The value of the kwanza, the Angolan currency, is up 22.2% this year. It is supported by a rise in oil prices and resources obtained from the IMF.

The kwanza is at the top of African monetary performance against the dollar. Since the beginning of 2022, the Angolan currency has appreciated by 22.21% against the dollar, according to a recent Bloomberg ranking which takes into account around twenty African currencies. This performance is due to the availability of foreign currencies above the demand from commercial banks. Following the Angolan currency, the South African rand rose 7.82% against the dollar; the Guinean franc appreciated by 4.53%. The Ghanaian currency (cedi) is the one that fell the most in Africa with -17.8%.