Malawian pound

The pound was the currency of Malawi until 1971. From 1932, Malawi (then known as Nyasaland) used the Southern Rhodesian pound. In 1955, a new currency was introduced, the Rhodesia and Nyasaland pound. This was replaced by the Malawian pound in 1964, following Malawi's independence. The pound was subdivided into 20 shillings, each of 12 pence. The pound was replaced by the decimal 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 6d, 1/???, 2/??? and 2/6. All bore the portrait of Hastings Banda. 1d coins were introduced in 1967. The 1d had a smooth edge whereas all the other coins had 4??4 interrupted milling. Banknotes On 6 July 1964, Nyasaland became independent from Britain and was renamed Malawi. For two years, Elizabeth II, remained head of state as Queen of Malawi. Upon becoming a republic in 1966, Mala??i became a single...

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