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Money Currency Kwacha (K) = 100 tambala. Notes are in denominations of K500, 200, 100, 50, 20, 10 and 5. Coins are in denominations of K1 and 50, 20, 10, 5, 2 and 1 tambala. Currency exchange US Dollars, Pounds Sterling, Euros or South African Rand are readily exchanged but lesser-known currencies may prove difficult to exchange. Credit & debit cards Acceptance of credit and debit cards is very limited, although in Lilongwe and Blantyre and in main hotels, American Express, Diners Club, MasterCard and Visa can be used. Check with your credit or debit card company for details of merchant acceptability and other services which may be available. Travellers cheques Travellers cheques can be exchanged in banks, hotels and other institutions. In remote areas, the Treasury Office of Local District Commissioner’s offices will cash travellers cheques. To avoid additional exchange rate charges, travellers are advised to take travellers cheques in US Dollars, Euros, Pounds Sterling or South African Rand. Currency restrictions The import of local currency is unlimited. The export of local currency is limited to K200. The import of foreign currency is unlimited on arrival. The export of foreign currency is allowed up to the amount imported and declared on entry. Exchange rate indicators The following figures are included as a guide to the movements of the Kwacha against Sterling and the US Dollar:
Banking hours Mon-Fri 0800-1400. |