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.