01/01/2021: Introduction of New Banknotes
New banknotes with enhanced security features were introduced, replacing the previous designs.
13/05/2020: Introduction of New Thousand Kwacha Banknotes
Malawi introduced new banknotes with higher denominations to address issues of inflation and to streamline transactions in a cash-based economy.
20/12/2016: Abolishment of Currency Controls
Belarus abolished most of the currency controls, allowing for greater flexibility in foreign currency transactions.
01/05/2016: Currency Floatation
The Malawian government allowed the kwacha to float freely against other currencies, leading to a significant depreciation of the currency.
01/01/2015: Introduction of Currency Controls
To stabilize the economy, Belarus implemented currency controls, restricting foreign currency transactions.
22/12/2014: Devaluation of the Belarusian Ruble
The Belarusian Ruble experienced a significant devaluation, causing a sharp drop in its value against major currencies.
07/08/2012: Introduction of New Kwacha Coins
Malawi introduced new coins to replace smaller denominations of the kwacha banknotes, facilitating transactions and reducing the cost of producing money.
01/07/2011: Creation of the Single Currency Market
The Single Currency Market was established, allowing for unified exchange rates between the Belarusian Ruble and foreign currencies.
10/04/2000: Introduction of New Kwacha Banknotes
Malawi introduced new banknotes with enhanced security features to combat counterfeiting and to modernize the currency.
01/01/2000: Redenomination of the Belarusian Ruble
The Belarusian Ruble underwent a redenomination, with four zeros being removed from the currency.
14/06/1994: Malawi's First Multiparty Democratic Elections
Malawi held its first multiparty democratic elections, leading to a political and economic transition which affected the value of the kwacha.
26/05/1992: Introduction of the Belarusian Ruble
The Belarusian Ruble was introduced as the official currency of Belarus, replacing the Soviet ruble.
01/09/1979: First Devaluation of the Kwacha
The Malawian government devalued the kwacha by 30% in response to economic challenges and to promote exports.
06/07/1971: Introduction of the Malawian Kwacha
The Malawian Kwacha (MWK) was introduced as the official currency of Malawi, replacing the Malawian pound at a rate of 2 kwacha = 1 pound.