MWK (MK)

Currency: Malawian Kwacha

The Malawian Kwacha is the official currency of Malawi. One US dollar is worth around 800.00 MWK. The Malawian Kwacha (MWK) is the currency of Malawi, which is situated in southeastern Africa. It was first introduced in 1971, replacing the pound. The kwacha is subdivided into 100 tambala. The Reserve Bank of Malawi is responsible for issuing and managing the currency. The kwacha is widely used throughout the country and is accepted at most major businesses, including hotels, restaurants, and shops. The currency has experienced significant fluctuations in recent years, due in part to political instability and economic uncertainty in the country. Despite these challenges, the kwacha remains an important currency in the region.