Malawian Kwacha in West African Franc

MWK Malawian Kwacha

Country of application:
Malawi

Coin denominations in circulation:
1, 2, 5, 10, 20, 50 tambala.

Denominations of banknotes in circulation:
1, 5, 10 kwacha.

History reference:
The Malawian kwacha is the national currency of the Republic of Malawi. Banknotes in denominations of 50 tambals, 1, 5, 10, 20, 50, 100, 200 and 500 Malawian kwachas are in circulation, in total more... than 35 banknotes of various modifications. However, in real money circulation, there are only banknotes of the series issued in 1997. There are also coins in denominations of 1, 2, 5, 10, 20, 50 tambals and 1 kwacha. Malawian kwacha banknotes were printed at the Royal Mint of Great Britain. The design of Malawian coins is quite interesting for specialists and numismatists. On the reverse of all Malawian coins, in addition to the digital denomination and the name of the state, animals are depicted that live on the territory of the country.

XOF West African Franc

Country of application:
Benin, Burkina Faso, Cote dIvoire, Guinea-Bissau, Mali, Niger, Senegal, Togo

Coin denominations in circulation:
1, 5, 10, 25, 50, 100, 200, 250, 500 CFA francs.

Denominations of banknotes in circulation:
500, 1000, 2000, 5000, 10,000 CFA francs.

History reference:
The CFA franc was introduced as the single currency of the French territories of West and Central Africa on December 26, 1945. By this time, the Franc Zone (an alliance created on the basis of former... French colonies) existed for about four years and was considered a voluntary association of participating countries. At first, the common currency was the French franc, but after the adoption of a decree in 1945, the CFA franc was introduced into circulation. The currency ratio was as follows: 1 CFA franc = 1.70 French francs. On November 20, 1963, Togo officially joined the Monetary Union. Mauritania leaves the Monetary Union in 1973. In the middle of 1984, Mali returned to the union. On January 10, 1994, after lengthy meetings, an agreement was reached in Dakar on the transformation of the West African Monetary Union into the West African Economic and Monetary Union, to which, on May 2, 1997, the Republic of Guinea-Bissau joined, replacing the significantly depreciated peso in circulation on its territory Guinea-Bissau to CFA franc BCEAO.