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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 economy of Malawi is $7.522 billion by gross domestic ... 1 Malawian kwacha (MK) = 100 tambala Exchange rates: Malawian kwachas per US dollar -730.00 (20/June ...
USD Cent: 100 Bosnia and ... ZAR Cent: 100 South Georgia and ... Malawi: Malawian kwacha: K MWK Tambala: 100
WASHINGTON (Reuters) -The United States has barred four former officials of the Malawi government from entry because of their involvement in significant corruption, the State Department said on ...
ZAR R South Africa: South Sudanese pound: SSP £ South Sudan: Sudanese pound: SDG LS or ج.س Sudan: Swazi lilangeni: SZL L (singular) E (plural) Eswatini: Tanzanian shilling: TZS TSh Tanzania: Tunisian dinar: TND DT (Latin) د.ت (Tunisian Arabic) Tunisia: Ugandan shilling: UGX USh Uganda: Zambian kwacha: ZMW K Zambia
All banknotes have the same height of 70 mm, the 2 Kwacha, and 5 Kwacha banknotes are 140 mm wide, whilst the rest of the banknotes are 145 mm wide. All new banknotes were printed by the German printing company G&D, except for the 2015 issue of the 100 Kwacha banknote, which was printed by the Dutch Royal Joh. Enschedé. [13] Obverse
On the advice of the International Monetary Fund, in May 2012 Banda devalued the Malawian kwacha, something Mutharika had refused to do. The announcement of the kwacha's devaluation by 33 per cent against the United States dollar, an attempt to attract donor funding, prompted "panic-buying" in Malawian cities, the BBC News reported. [57]
The first audit – released to the public in February 2014 – demonstrated that 16 Malawian companies received illicit payments from the government between April and September 2013 for goods and services that were not performed. All told, the audit found that an estimated $32 million (USD) was stolen during the six-month period under review.