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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 service sector accounts for 51.7% of Malawi's national GDP. Notable industries are tourism, retail, transport, education, health services, telecommunication and the banking sector. The Government of Malawi holds shares in many important companies, such as Malawian Airlines (51%) and Press Corporation Limited. Press Corporation Ltd. is the ...
Also, in many African currencies there have been episodes of rampant inflation, resulting in the need for currency revaluation (e.g. the Zimbabwe dollar). 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 ...
Hawaiian dollar – Hawaii; Hong Kong dollar – Hong Kong; International dollar – hypothetical currency pegged 1:1 to the United States dollar; Jamaican dollar – Jamaica; Kiautschou dollar – Qingdao; Kiribati dollar – Kiribati; Liberian dollar – Liberia; Malaya and British Borneo dollar – Malaya, Singapore, Sarawak, British North ...
Kwacha may refer to: Malawian kwacha, the currency of Malawi since 1971; Zambian kwacha, the currency of Zambia since 1968 "Kwacha," a member of the UNITA political ...
File:Kwacha Malawi Specimen.jpg This page was last edited on 2 December 2024, at 21:12 (UTC). Text is available under the Creative Commons Attribution ...
Zambian kwacha: 0.5 10/– Zambian pound: 1968 Jamaican dollar: 0.5 10/– Jamaican pound: 1969 Fijian dollar: 0.5 10/– Fijian pound: 1969 Rhodesian dollar: 0.5 10/– Rhodesian pound: 1970 Bermudian dollar: 0.4167 8/4 = 100d. Bermudian pound: 1970 Gambian dalasi: 0.2 4/– Gambian pound: 1971 Malawian kwacha: 0.5 10/– Malawian pound: 1971 ...
The board's jurisdiction included Northern Rhodesia, now called Zambia and Nyasaland, known as Malawi today. In 1954, the Southern Rhodesia Currency Board was renamed the Currency Board of Rhodesia and Nyasaland, the currency board was transformed into the Bank of Rhodesia and Nyasaland in 1956.