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>Introduction of the Angolan kwanza into the SADC-RTGS system

Prudential AuthorityRef: https://www.resbank.co.za/en/home/publications/publication-detail-pages/media-releases/2026/kwanza-rtgs

Official source

Source domain: resbank.co.za

Collected on 1 August 2026

Always confirm details on the official source before acting.

What this means

This document is a South African Reserve Bank (SARB) publication announcing the formal introduction of the Angolan kwanza as a settlement currency in the SADC real-time gross settlement (SADC-RTGS) system. It states that Lesetja Kganyago (SARB Governor and Chairperson of the SADC Committee of Central Bank Governors) and Manuel Tiago Dias (Banco Nacional de Angola Governor) announced the change on 27 July 2026. The document explains that the kwanza is the second settlement currency in the SADC-RTGS system (after the South African rand), supports regional payments modernisation and SADC trade/financial integration, and is intended to reduce foreign exchange conversion needs and transaction costs. It also notes that there are currently 15 participating countries and that additional regional currencies (e.g., the Botswana pula) are intended to be onboarded later.

Facts

Reference

https://www.resbank.co.za/en/home/publications/publication-detail-pages/media-releases/2026/kwanza-rtgs

Key Takeaways

  • 27 July 2026
  • Introduction of the Angolan kwanza into the SADC-RTGS system
  • SARB Governor Lesetja Kganyago and Banco Nacional de Angola Governor Manuel Tiago Dias formally announced the change
  • Kwanza becomes the second settlement currency in SADC-RTGS (rand-only since 2013)
  • SADC-RTGS currently has 15 participating countries
  • Multi-currency capability aims to reduce FX conversion requirements, transaction costs, and improve speed/efficiency
  • Intention to onboard additional regional currencies such as the Botswana pula
  • South African Reserve Bank (SARB)
  • Lesetja Kganyago
  • SADC Committee of Central Bank Governors (CCBG)
  • Banco Nacional de Angola
  • Manuel Tiago Dias
  • Group of Twenty (G20)
  • SADC-RTGS system
  • Botswana pula

Dates

Closing Date

27 July 2026