INFORMATION ABOUT MALAWIAN KWACHA
We show the updated today’s value/price of Malawian kwacha (MWK).You can get the exchange from Malawian kwacha to another currency by introducing the value or amount of Malawian kwacha (MWK) in the box and clicking the convert button. This way you can get the Malawian kwacha’s price in relation to other currencies.
INTRODUCTION TO THE MALAWIAN KWACHA
The Malawian kwacha is the official currency of Malawi since 1971 when it replaced the Malawian pound. It is used by approximately 16 million six hundred and fourteen thousand people. You can check the today value of the Malawian kwacha and check its price.
Its name “kwacha” comes from an old nationalist slogan shared with Zambia: “A new sunrise of freedom”, hence also the currency of Zambia is called “kwacha”.
The Reserve Bank of Malawi is an organization inaugurated in 1964 independent from the Government. It has a mandate to conduct the monetary policy. It is in charge of the issuance of the currency and it ensures that fiscal issues being compatible with monetary issues.
Countries that used the currency: Malawi
Name: MALAWIAN KWACHA
Bills: 5, 10 (they are being withdrawn from circulation), 20, 50, 100, 200, 500, 1000 kwacha
Coins: tambala = 1/100 of 1 kwacha. 1, 2, 5, 10, 20, 50 tambala. 1, 5, 10 kwacha
Issuing Agent: Reserve Bank of Malawi Web: http://www.rbm.mw/