Malawian pound

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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.

[edit] 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.

[edit] Bankntes

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

[edit] References

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