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Currency history

Malawi kwacha

Dates in use
Still in use; introduction date not established here
Currency code
MWK
Ancestry branch
Sterling

Its place in the family

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Parents 1

Malawi kwacha

This currency

Children 0

No successor is established here.

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The story

The Reserve Bank's conference paper dates introduction of the Malawi kwacha to February 1971. [1]

Turning points

Decimal legal commencement

The Malawi consolidation gives February 15, 1971 for Part III’s currency conversion, separately from Parts I–II commencing on September 15, 1970. Section 15 converts covered pound, shilling and pence references at two kwacha per pound and ten tambala per shilling, with contextual exceptions. Section 16 requires domestic-currency payments in the new unit while explicitly valuing old notes and coins for continued use; foreign-currency payments are excepted. [2] [3] [4]

Sources and evidence

  1. L. J. Sato, Reserve Bank of Malawi; SARB host · Reserve Bank of Malawi conference paper, 2005
  2. Republic of Malawi; MalawiLII / Laws.Africa · Decimal Currency Act, Chapter 45:02 (Act 30 of 1970), version at 31 December 2014
  3. Republic of Malawi; MalawiLII / Laws.Africa · Decimal Currency Act, Chapter 45:02 (Act 30 of 1970), version at 31 December 2014
  4. Republic of Malawi; MalawiLII / Laws.Africa · Decimal Currency Act, Chapter 45:02 (Act 30 of 1970), version at 31 December 2014

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Cite this page

“Malawi kwacha.” The Family Tree of Money. © Field Technologies, Inc. Updated 2026-10-14; data version v49. https://familytreeofmoney.org/currency/FTM000200.html

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