mWk
MWK, or the Malawi Kwacha, is the official currency of Malawi. It is designated by the ISO 4217 code MWK and commonly represented by the symbol MK. The kwacha is issued by the Reserve Bank of Malawi (RBM) and is legal tender throughout the country. One kwacha is divided into 100 tambala, the subunit.
The Reserve Bank of Malawi conducts monetary policy and is the sole issuer of notes and coins.
In 2012, Malawi undertook a redenomination, replacing 1,000 old kwacha with 1 new kwacha. The change aimed
Banknotes and coins: Banknotes are issued in a range of denominations for daily use, and coins are
Usage and context: The MWK is used in everyday commerce, pricing, and financial transactions within Malawi.