Economy, Currency and Foreign Trade
Reserve Bank of Malawi, unit of currency, motor vehicles, value of exports, manufactured goods
The unit of currency in Malawi is the kwacha, consisting of 100 tambala (59.54 kwacha equal U.S.$1; 2000 average). Currency is issued by the Reserve Bank of Malawi, established in 1965.
In 2000 the value of exports was $445 million. Imports, which typically consist of manufactured goods, fertilizers, machinery, motor vehicles, textiles, and petroleum, were valued at $524 million. Malawi’s principal trading partners for exports are South Africa, Germany, Japan, the United States, and Mozambique; chief partners for imports are South Africa, Germany, the United Kingdom, and the United States.
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