Malawian Kwacha

Malawian Kwacha

Malawian Kwacha overview

The kwacha (; ISO 4217: MWK, official name Malawi Kwacha) 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 UK pound sterling, the South African rand and the Rhodesian dollar, that had previously circulated through the Malawian economy. The exchange rate of the kwacha undergoes fixed periodical adjustments, but since 1994 the exchange rate has floated. In 2005, administrative measures were put in place by Bingu wa Mutharika to peg the exchange rate with other currencies. Banknotes are issued by the Reserve Bank of Malawi. In May 2012, the Reserve Bank of Malawi devalued the kwacha by 34% and unpegged it from the United States dollar.

1 MWK to USD exchange rates chart

MWK to  exchange rates chart

Malawian Kwacha news

Airtel Malawi impressed with Bandulo Bandulo promotion | - Malawi news

Airtel Malawi says the Bandulo Bandulo promotion is encouraging to the company since the promotion is helping end customers’ financial challenges.

about 2 months conditional positive
The Malawi 50:50 Campaign: plugs-in the wrong switch? | - Malawi news

On 6th November, history was made in the United States of America (USA) with women winning more seats in the Congress than ever before, bringing back On 6th November, history was made in the United States of America (USA) with women winning more seats in the Congress than ever before, bringing back memories of 1992 elections in which the number of women in Congress also doubled, courtesy of a campaign dubbed "Year of a Woman."

2 months indicative positive
Airtel Promo: K1m goes to Chiradzulu driver | - Malawi news

As the Airtel Bandulo Bandulo promotion continues, a 34-year-old man in Chiradzulu district has won K1 million. The winner Stephens Chipolo on Wednesday As the Airtel Bandulo Bandulo promotion continues, a 34-year-old man in Chiradzulu district has won K1 million.

2 months conditional positive
Inaugural Malawi-Indian Diaspora Conference in Atlanta raise over $120,000 with promises for more
Inaugural Malawi-Indian Diaspora Conference in Atlanta raise over $120,000 with promises for more

Malawian Indian Diaspora in Atlanta 2018 conference was organized by many who were born, lived in Malawi and had businesses at one time or another

2 months indicative positive
Electoral stakeholders in dilemma over Malawi Political Parties' Act | - Malawi news
Electoral stakeholders in dilemma over Malawi Political Parties' Act | - Malawi news

A grouping of  Malawian electoral stakeholders that is tasked with promoting good governance and transparency was on Friday thrown into dilemma over the

2 months conditional positive

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