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.
02/03/2020: COVID-19 impact
The outbreak of the COVID-19 pandemic resulted in economic disruptions, affecting the Ukrainian Hryvnia and causing volatility in the currency markets.
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.
05/02/2015: Currency devaluation
Due to the economic crisis, the Ukrainian Hryvnia experienced a significant devaluation, leading to a sharp increase in prices and financial hardships.
20/02/2014: Ukrainian revolution
The Ukrainian revolution began, leading to political instability and economic challenges, impacting the value and stability of the Ukrainian Hryvnia.
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.
01/07/2008: Exchange rate flexibility
Ukraine implemented a flexible exchange rate system, allowing the Ukrainian Hryvnia to fluctuate based on market forces rather than being pegged to a fixed rate.
01/10/2004: Banknote redesign
New banknotes of the Ukrainian Hryvnia were issued with enhanced security features and updated designs, aimed at combating counterfeiting.
10/04/2000: Introduction of New Kwacha Banknotes
Malawi introduced new banknotes with enhanced security features to combat counterfeiting and to modernize the currency.
02/09/1996: Currency reform
A currency reform was conducted, introducing new banknotes and coins of the Ukrainian Hryvnia, addressing issues of inflation and stabilization.
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.
02/09/1992: Introduction of the Ukrainian Hryvnia
The Ukrainian Hryvnia (UAH) was introduced as the national currency, replacing the Soviet ruble, marking Ukraine's economic independence.
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.