Malawian pound


Malawian pound
Malawian pound
User(s) Malawi
Subunit
1/20 shilling
1/240 penny
Symbol £
shilling s
penny d
Coins 1d, 6d, 1 shilling, 1 florin, ½ crown
Banknotes 5/-, 10/-, £1, £5
Central bank Reserve Bank of Malawi
Website www.rbm.mw
This infobox shows the latest status before this currency was rendered obsolete.

The pound was the currency of Malaŵi until 1971. From 1932, Malaŵi (then Nyasaland) used the Southern Rhodesian pound. In 1955, a new currency was introduced, the Rhodesia and Nyasaland pound. This was replaced by the Malaŵian pound in 1964, following Malaŵi's independence. The pound was subdivided into 20 shillings, each of 12 pence. The pound was replaced by the kwacha in 1971, at a rate of 2 kwacha = 1 pound.

Coins

In 1964, coins were issued in copper-nickel and in the denominations of 6 pence, 1 shilling, 1 florin (2 shillings) and ½ crown (2½ shillings). All bore the portrait of Hastings Banda. In 1967, 1 penny coins were introduced. The 1 penny had a smooth edge where as all the other coins had 4×4 interrupted milling.

Banknotes

In 1964, the Reserve Bank of Malawi introduced banknotes in denominations of 5 and 10 shillings, 1 and 5 pounds. All bore Hastings Banda's portrait.

External links

Preceded by:
Rhodesia and Nyasaland pound
Reason: independence
Ratio: at par
Currency of Malaŵi
1964 – 1971
Succeeded by:
Malawian kwacha
Ratio: 2 kwacha = 1 pound

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