Malawian Kwacha Currency | Malawi Kwacha Notes

Malawian Kwacha

Malawian Kwacha Currency:

Kwacha is the official currency of Malawi. Malawi is a nation in the African continent and is landlocked or surrounded by Zambia, Tanzania and Mozambique. Malawi was earlier known as Nyasaland before gaining independence which had been a part of the British Protectorate.

Kwacha is a decimalized currency which is further subdivided into one hundred equal parts called tambala. Malawian Kwacha is denoted by the symbol MK. The issuance and circulation of the currency and the coins is controlled by the central bank of the country called the Reserve Bank of Malawi. The currency banknotes which are in circulation are 20, 50, 100, 200, 500, 1,000 and 2,000 kwacha. The coins that are in wide circulation are 1, 5 and 10 kwacha. In the wake of high inflation, the coins with denominations of 1, 2, 5, 10, 20 and 50 tambala have lost practical value and significance and are rarely seen in monetary transactions.

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Malawian Kwacha

Malawian Kwacha (Malawi):

Code: MWK

Symbol: MK

Subunit        

1/100 = tambala

Banknotes:

20, 50, 100, 200, 500, 1,000, 2,000 kwacha

Coins:

1, 5, 10 kwacha, 1, 2, 5, 10, 20, 50 tambala

Central bank:         

Reserve Bank of Malawi

Other Currencies,

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