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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 ...
Central Bank of Libya Madagascar: Malagasy ariary: Central Bank of Madagascar Malawi: Malawian kwacha: Reserve Bank of Malawi Mauritania: Mauritanian ouguiya: Central Bank of Mauritania Mauritius: Mauritian rupee: Bank of Mauritius Morocco: Moroccan dirham: Bank Al-Maghrib Mozambique: Mozambican metical: Bank of Mozambique Namibia: Namibian ...
It is also one of the original 17 regulatory institutions to make specific national commitments to financial inclusion under the Maya Declaration [4] during the 2011 Global Policy Forum held in Mexico. The Reserve Bank of Malawi is the only institution permitted to issue the Malawian kwacha, which replaced the Malawian pound in 1971.
Many African countries change their currency's appearance when a new government takes power (often the new head of state will appear on bank notes), though the notional value remains the same. Also, in many African currencies there have been episodes of rampant inflation, resulting in the need for currency revaluation (e.g. the Zimbabwe dollar).
CDH Investment Bank; Ecobank Malawi, part of Ecobank Group; FDH Bank; First Capital Bank Malawi Limited, part of First Capital Bank Group; National Bank of Malawi; NBS Bank; Standard Bank Malawi, part of Standard Bank Group; Centenary Bank Malawi, part of Centenary Group
NBM is a large financial services institution, serving the banking needs of the people and businesses in Malawi. As of December 2018, the bank's total assets were valued at MWK:417.33 billion (approximately US$579 million), with shareholders' equity of MWK:88.4 billion (approximately US$123 million).
Colour key and notes Indicates that a given currency is pegged to another currency (details) Italics indicates a state or territory with a low level of international recognition State or territory Currency Symbol [D] or Abbrev. ISO code Fractional unit Number to basic Abkhazia Abkhazian apsar [E] аҧ (none) (none) (none) Russian ruble ₽ RUB Kopeck 100 Afghanistan Afghan afghani ؋ AFN ...
Cook Islands dollar – Cook Islands; Dominican dollar – Dominica; East Caribbean dollar – Anguilla, Antigua and Barbuda, Dominica, Grenada, Montserrat, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines; Fijian dollar – Fiji; Grenadan dollar – Grenada; Guyanese dollar – Guyana; Hawaiian dollar – Hawaii; Hong Kong ...