Money and duty free for Malawi
Currency and Money
Currency information
Kwacha (MWK; symbol Mk) = 100 tambala. Notes are in denominations of Mk500, 200, 100, 50, 20, 10 and 5. Coins are in denominations of Mk1 and 20, 10, 5, 2 and 1 tambala.
Credit 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.
Travellers cheques
Traveller's cheques can be exchanged in banks, hotels and other institutions. In remote areas, the Treasury Office of Local District Commissioner's offices will cash traveller's cheques. To avoid additional exchange rate charges, travellers are advised to take traveller's cheques in US Dollars, Euros, Pounds Sterling or South African Rand.
Banking hours
Mon-Fri 0800-1400.
Currency restrictions
The import of local currency is unlimited. The export of local currency is limited to K3,000. The import of foreign currency is unlimited. The export of foreign currency must not exceed the amount imported and must be declared on departure.
Currency exchange
US Dollars, Pounds Sterling, Euros or South African Rand are readily exchanged but lesser-known currencies may prove difficult to exchange.
Malawi duty free
Overview
Banned Imports
Prohibited or restricted imports include arms and ammunition, flick knives, game traps, pharmaceutical products, gold, sugar, wild animals and their products, and some foods (eg bananas, potatoes and uncooked meat).
