| Unit | |
|---|---|
| Symbol | £ |
| Denominations | |
| Subunit | |
| 1⁄20 | shilling |
| 1⁄240 | penny |
| Symbol | |
| shilling | s or /– |
| penny | d |
| Banknotes | 5/–, 10/–, £1, £5 |
| Coins | 1d, 6d, 1/–, 2/–, 2/6 |
| Demographics | |
| Date of withdrawal | 1971 |
| Replaced by | Malawian kwacha |
| User(s) | Malawi |
| Issuance | |
| Central bank | Reserve Bank of Malawi |
| Website | www |
| This infobox shows the latest status before this currency was rendered obsolete. | |
The pound was the currency of Malawi until 1971. From 1932, Malawi (then known as Nyasaland) used the Southern Rhodesian pound. In 1955, a new currency was introduced, the Rhodesia and Nyasaland pound. This was replaced by the Malawian pound in 1964, following Malawi's independence. The pound was subdivided into 20 shillings, each of 12 pence. The pound was replaced by the decimal kwacha in 1971, at a rate of 2 kwacha = 1 pound.