Malawian pound

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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.

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

[edit] External links

Don's World Coin Gallery - Malawi
Ron Wise's World Paper Money - Malawi ^{Mirror site}
Tables of Modern Monetary Systems by Kurt Schuler - Malawi ^{Mirror site}
The Global History of Currencies - Malawi
Global Financial Data currency histories table ( Microsoft Excel format)

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