South African Rand to Malawian Kwacha | Bank

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The South African Rand (ZAR) is the official currency of South Africa. It was introduced in 1961 when it replaced the South African pound. The Rand is also legal tender in the Common Monetary Area between South Africa, Eswatini, Lesotho, and Namibia.

The Malawian Kwacha (MWK) is the official currency of Malawi. Introduced in 1971, it is issued by the Reserve Bank of Malawi. The currency plays a crucial role in the country's economy and financial stability.