Malawian pound

Malawian pound
Central bank	Reserve Bank of Malawi
Website	www.rbm.mw
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
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 whereas all the other coins had 4×4 interrupted milling.

Banknotes

On 6 July 1964, Nyasaland became independent from British rule and renamed itself Malaŵi. Upon becoming a republic in 1966, Malaŵi became a single-party state under the presidency of Hastings Kamuzu Banda, who remained president until 1994, when he was ousted from power. His portrait appears on the front of all notes issued during his three decades in office, with scenes on the back emphasizing agriculture’s great importance to Malaŵi’s economy. Notes during his presidency also carry watermarks (and later registration devices) of a rooster, the symbol of Banda’s Malaŵi Congress Party. The first series of notes dated 1964 and issued by the Reserve Bank of Malawi consists of the denominations 5 and 10 shillings, as well as 1 and 5 pounds.^[1]

References

↑ Linzmayer, Owen (2012). "Malawi". The Banknote Book. San Francisco, CA: www.BanknoteNews.com.

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

Currencies named pound or similar

Current	Pound sterling: (Alderney pound • Falkland Islands pound • Gibraltar pound • Guernsey pound • Jersey pound • Manx pound • Saint Helena pound) Egyptian pound Lebanese pound South Sudanese pound Sudanese pound Syrian pound Turkish lira

Local alternative currency	Bristol Pound Brixton Pound Lewes Pound Stroud Pound Totnes Pound

Defunct	Anglo-Saxon pound Australian pound Bahamian pound Bermudian pound Biafran pound British West African pound Canadian pound Connecticut pound Cypriot pound Delaware pound Fijian pound French livre French colonial livre Gambian pound Georgia pound Ghanaian pound Haitian livre Irish pound Israeli pound Italian lira Jamaican pound Japanese government-issued Oceanian Pound Libyan pound Livre tournois Lombardo-Venetian pound Luccan pound Malawian pound Maltese pound Maltese lira Maryland pound Massachusetts pound New Brunswick pound New France livre New Guinean pound New Hampshire pound New Jersey pound New York pound New Zealand pound Newfoundland pound Nigerian pound North Carolina pound Nova Scotian pound Oceanian pound Ottoman lira Palestine pound Papal lira Paris livre Parman lira Pennsylvania pound Pound Scots Prince Edward Island pound Rhode Island pound Rhodesian pound Rhodesia and Nyasaland pound Sammarinese lira Sardinian lira Solomon Islands pound South Carolina pound Southern Rhodesian pound South African pound South African Republic pound South West African pound Tongan pound Tuscan pound Vatican lira Virginia pound West Indian pound Western Samoan pound Zambian pound

See also	Dinar Pound sign Troy pound

This article is issued from Wikipedia - version of the Tuesday, July 01, 2014. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.