Timeline

• 08.09.1891
• Ordinance [No. 3] on the adoption of coinage, weights and measures of the Cape Colony to the Mashonaland protectorate of the British South Africa Company (BSAC); effective immediately.
  - 08.02.1894: Ordinance [No. 6], extended the scope of applicability of the 1891 ordinance to all other BSAC possessions in Northern and Southern Zambezia (Rhodesia) and British Central Africa (Nyasaland); effective immediately.
• 13.06.1913
• Ordinance [Nyasaland Protectorate (Coinage) Order] on legal tender status of the coins of the United Kingdom and Transvaal; effective 01.07.1913
• 28.06.1920
• Ordinance [Nyasaland Protectorate (Coinage) Order] on legal tender status; effective immediately:
  - United Kingdom and Union of South Africa coins
  - South African Reserve Bank paper money
• 17.12.1931
• Ordinance [Nyasaland Protectorate (Coinage and Currency) Order, No. 930] on legal tender status; effective 15.01.1933:
  - United Kingdom and Union of South Africa coins
  - South African Reserve Bank paper money
  - Amended by Ordinance [Nyasaland Protectorate (Coinage) Order, No. 916] of 10.11.1932
  - Amended by Ordinance [Nyasaland Protectorate (Coinage) Order, No. 208] of 26.02.1934, which revoked the 1932 ordinance.
• 18.11.1938
• Law [Southern Rhodesia Coinage and Currency Act, No. 32] on the creation of a common currency for Southern Rhodesia, Northern Rhodesia, and Nyasaland under the South Rhodesian Currency Board; effective upon constitution of the board on 03.01.1939
• ??.??.1954
• Law [Rhodesia and Nyasaland Coinage and Currency Act, No. 5] on the creation of a common currency for the Central African Federation of Rhodesia and Nyasaland under the Central African Currency Board; effective upon constitution of the board on 12.03.1954
• 24.11.1954
• Ordinance [Nyasaland Protectorate (Coinage and Currency) (Revocation) Order], revoked all earlier currency related ordinances; effective 02.12.1954
• 02.03.1956
• Law [Bank of Rhodesia and Nyasaland Act, No. 2] on the transformation of the currency board into the central bank; effective upon constitution of the bank on 01.04.1956

Timeline

• 04.07.1964
• Law [Reserve Bank of Malawi Act, cap. 44:02] on the establishment of the central bank and the creation of a national currency; effective 23.07.1964 (the bank was constituted on ??.06.1965)
• 16.11.1964
• Start of currency exchange:
  - 16.11.1964: Start of issuance of the new banknotes
  - 25.01.1965: Start of issuance of the new subsidiary coins
  - 30.05.1965: Demonetization of the Central African and Southern Rhodesian currencies.

Valuation Regimes

• 1964-1971
• Fixed rate against British Pound

Timeline

• 24.08.1970
• Law [Decimal Currency Act, No. 30 (cap. 45:02)] on the currency reform and decimalization; effective 15.02.1971
• 15.02.1971
• Start of currency exchange:
  - 15.02.1971: Start of issuance of the new banknotes and coins
  - ??.??.????: Demonetization of the former currency.

Valuation Regimes

• 1964-1973
• Fixed rate against British Pound, followed the floating of the Pound on 23.06.1972
• 1973-1975
• Variable rate (de facto fixed against US Dollar)
• 1975-1984
• Fixed rate against IMF Special Drawing Rights (SDR) unit
• 1984-
• Variable rate