Malawi Money

Malawi is an economically poor nation of the African continent. The Malawi money is known as "kwacha". One kwacha is equal to hundred tambala i.e. Kwacha (K)= 100 tambala. The Malawi currencies are found in denominations of five hundred, two hundred, hundred, fifty, twenty, ten and five. The Malawi coins are available in denominations of fifty, twenty, ten, five two one. You can exchange foreign currencies against Malawian currencies. The US dollars, sterling Eros pounds and South African rands are easily accessible against the Malawi money.

The debit and credit cards are not in much use except in some hotels of the capital city, Lilongwe and Blantyre. The American Express, Diners club, master club are mainly used in Malawi. There is a facility of exchanging travelers cheques in banks and institutions of Malawi. The Treasury Office of Local District Commissioners usually gives the money against the traveler's cheques. There is no restriction on importing the Malawian money.

In most of the countries, wire transfer is considered to be the best way of sending money to any person. But Malawian banks provide the facility of cashing personal cheques.

The economy of the country mainly depends on the agricultural products.

The government of Malawi faces many economic challenges as it is one of the poorest countries of the world.