The pound was the currency of Malaŵi

Malawi

The Republic of Malawi is a landlocked country in southeast Africa that was formerly known as Nyasaland. It is bordered by Zambia to the northwest, Tanzania to the northeast, and Mozambique on the east, south and west. The country is separated from Tanzania and Mozambique by Lake Malawi. Its size...

 until 1971. From 1932, Malaŵi (then Nyasaland

Nyasaland

Nyasaland or the Nyasaland Protectorate, was a British protectorate located in Africa, which was established in 1907 when the former British Central Africa Protectorate changed its name. Since 1964, it has been known as Malawi....

) used the Southern Rhodesian pound

Southern Rhodesian pound

The pound was the currency of Southern Rhodesia. It also circulated in Northern Rhodesia and Nyasaland. The pound was subdivided into 20 shillings, each of 12 pence.-History:...

. In 1955, a new currency was introduced, the Rhodesia and Nyasaland pound

Rhodesia and Nyasaland pound

The pound was the currency of the Federation of Rhodesia and Nyasaland. It was subdivided into 20 shillings, each of 12 pence.-History:...

. This was replaced by the Malaŵian pound in 1964, following Malaŵi's independence. The pound was subdivided into 20 shilling

Shilling

The shilling is a unit of currency used in some current and former British Commonwealth countries. The word shilling comes from scilling, an accounting term that dates back to Anglo-Saxon times where it was deemed to be the value of a cow in Kent or a sheep elsewhere. The word is thought to derive...

s, each of 12 pence

Penny

A penny is a coin or a type of currency used in several English-speaking countries. It is often the smallest denomination within a currency system.-Etymology:...

. The pound was replaced by the kwacha

Malawian kwacha

The kwacha is the currency of Malawi as of 1971, replacing the Malawian pound. It is divided into 100 tambala. The kwacha replaced other types of currency, namely British, South African and Rhodesian, that had previously circulated through the Malawian economy...

 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

Hastings Banda

Hastings Kamuzu Banda was the leader of Malawi and its predecessor state, Nyasaland, from 1961 to 1994. After receiving much of his education overseas, Banda returned to his home country to speak against colonialism and advocate for independence...

. 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.

Banknotes

In 1964, the Reserve Bank of Malawi

Reserve Bank of Malawi

The Reserve Bank of Malawi is the central bank of Malawi.-See also:*Central banks and currencies of Africa*Economy of Malawi*List of central banks-External links:* at www.rbm.mw...

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

External links