Malawian Kwacha · MWK

MK symbol · 1 country currently using this currency.

Currency info

Adopted: 1971

Currency family: Other

The kwacha's name derives from a Chichewa word meaning 'spark,' symbolizing the nation's independence and new beginning.

Introduced in 1971 when Malawi gained independence and replaced the Malawian pound
Named after the Chichewa word for 'spark' or 'fire', reflecting national identity
Subdivided into 100 tambala, with tambala meaning 'rooster' in the local language
Has experienced significant devaluation since the 1990s due to economic pressures
Currently managed by the Reserve Bank of Malawi as the sole legal tender

Countries currently using this currency

Related

Other Other currencies

Afghan Afghani (AFN)Albanian lek (ALL)Algerian Dinar (DZD)Angolan Kwanza (AOA)Armenian Dram (AMD)Azerbaijani Manat (AZN)Bahraini dinar (BHD)Bangladeshi taka (BDT)Belarusian ruble (BYN)Boliviano (BOB)Botswana pula (BWP)Brazilian Real (BRL)

Historical predecessor

Malawian pound