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.
01/01/2019: Redenomination of the Surinamese dollar
The Surinamese dollar underwent a redenomination with 1 new dollar (SRD) being equal to 1,000 old dollars (SRG).
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.
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.
01/01/2011: Introduction of new banknotes
New banknotes with updated designs and security features were introduced to replace the older series of Surinamese dollar banknotes.
01/01/2004: Replacement of banknotes
New banknotes were introduced with enhanced security features to replace the older series of Surinamese dollar banknotes.
10/04/2000: Introduction of New Kwacha Banknotes
Malawi introduced new banknotes with enhanced security features to combat counterfeiting and to modernize 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.
23/12/1991: Devaluation of the Surinamese dollar
The Surinamese dollar was devalued by 100%, resulting in an exchange rate of 1 dollar to 200 guilders.
01/10/1985: Introduction of the Surinamese dollar
The Surinamese dollar was introduced as the new currency of Suriname at a rate of 1 dollar to 1,000 guilders.
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.
01/01/1962: Introduction of the Surinamese guilder
The Surinamese guilder was introduced as the official currency of Suriname, replacing the Dutch guilder.
31/12/1954: Independence of Suriname
Suriname gained independence from the Kingdom of the Netherlands, leading to the introduction of the Surinamese guilder as its official currency.