Malawian Kwacha

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Malawian Kwacha

The currency of Malawi. It replaced the Malawian pound in 1971 at a ratio of two kwachas to one pound. It is a floating currency.
References in periodicals archive ?
He earns 5,000 Malawian kwachas (pounds 23) a month working seven 12-hour night shifts a week as a watchman in a private home.
The Government of Malawi has an annual budget of 55 billion Malawian Kwachas, (approximately $55.