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The kwacha (/ ˈ k w æ tʃ ə /; ISO 4217: MWK, official name Malawi Kwacha [2]) is the currency of Malawi as of 1971, replacing the Malawian pound. It is divided into 100 tambala . The kwacha replaced other types of currency, namely the British pound sterling , the South African rand , and the Rhodesian dollar , that had previously circulated ...
The 500 and 1000 kwacha were both printed on polymer. Although the old 20 kwacha note was still in circulation until 2012, such is the rarity of this note that most major retailers rounded prices up to the nearest 50 kwacha when calculating a total. Most items in major supermarkets were displayed using 20 kwacha in the value (e.g., 1980 kwacha).
All values, unless otherwise stated, are in US dollars. Lilongwe market. ... Currency: 1 Malawian kwacha (MK) = 100 tambala Exchange rates: ...
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The value of the kwacha against the dollar has been relatively consistent for the past two years and has yet to return to the recent high of almost 0.2 kwacha to the dollar in 2013. Nonetheless, the real effective exchange rate of the kwacha against a weighted average of foreign currencies improved from 88.5 in 2016 to 96.4 in 2017.
5,000 đồng: 2003 2004 2003 2004 2003: April 2011 April 2011 April 2011 April 2011 April 2011: Yes Zambia: 1 and 2 old ngwee 5 and 10 old ngwee 20 old ngwee 25 and 50 old ngwee 1, 5 and 10 old kwacha: 1983 1987 1988 1992 1992: 1 January 2013: No: Following the redenomination that took effect on 1 January 2013, the old 1,000 kwacha was ...
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In some places there is a thriving street trade by unlicensed street traders in US dollars or other stable currencies, which are seen as a hedge against local inflation. The exchange rate is grossly more favourable to the seller of the foreign currency than is the official bank rate, but such trading is usually illegal.