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LOCAL CURRENCY IN MALAWI

Would you like to know name of the currency in Malawi? The local money in Malawi is called Kwacha.

The Malawian Kwacha is issued and managed by the Reserve Bank of Malawi. To find out the current currency exchange rates for Kwacha to other major currencies of the world, click on foreign currency rates.

Malawian Currency Information
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The currency used in Malawi is called as the Kwacha. This currency is denoted with the currency sign MK and the ISO 4217 Code for the Malawian Kwacha is MWK. The Kwacha, is the official currency of the Malawi . It is divided into 100 smaller units called tambala.

The constitution of Malawi provides that the Malawi government shall have the power to print the Malawian Kwacha and tambala coins to be used as a legal tender in Malawi. The Malawian Kwacha bank notes and Tambala coins are both designated as "legal tender" in payment of debts.

The Malawian Kwacha bill uses the decimal system, consisting of 100 equal units.

The symbol MK, usually written before the numerical amount, is used for the Malawian Kwacha.

Currently printed bank notes denominations are 50, 100, 200, 500 kwacha and the coins are minted in the denominations of 1, 5, 10 kwacha 1, 2, 5, 10, 20, 50 tambala.

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The Effect of Balance of Trade and Investment on the Value of Malawian Kwacha
Financial analysts regularly cite the balance of trade and investment in Malawi as the most important influence on the value of the Kwacha. The difference between what the Malawi exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Kwacha exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Kwacha exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Malawian Kwacha.
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