The second devaluation occurred in 1995, when the AON was replaced by a new currency called the “kwanza reajustado”. The devaluation was carried out at a rate of 1,000 new currency units for every 1 AON, reflecting the level of severity of Angola’s inflation crisis at that time. A third devaluation occurred in 1999, replacing the kwanza reajustado with the Second Kwanza (AOA), which is the currency that Angola continues to use today.