Convert Malawian Kwacha to Iranian Rial
Please provide values below to convert Malawian Kwacha [MWK] to Iranian Rial [IRR], or Convert Iranian Rial to Malawian Kwacha.
How to Convert Malawian Kwacha to Iranian Rial
1 MWK = 0.0410836583901491 IRR
Example: convert 15 MWK to IRR:
15 MWK = 15 × 0.0410836583901491 IRR = 0.616254875852237 IRR
Malawian Kwacha to Iranian Rial Conversion Table
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Malawian Kwacha
The Malawian Kwacha (MWK) is the official currency of Malawi, used for all monetary transactions within the country.
History/Origin
The Malawian Kwacha was introduced in 1971, replacing the Malawian Pound, as part of Malawi's monetary reform to establish a national currency.
Current Use
Today, the MWK is actively used in Malawi for everyday transactions, banking, and trade, with coins and banknotes issued by the Reserve Bank of Malawi.
Iranian Rial
The Iranian Rial (IRR) is the official currency of Iran, used for everyday transactions and pricing within the country.
History/Origin
The Iranian Rial was introduced in 1932, replacing the Iranian Toman. It has undergone several redenominations and inflation periods, with the current form established in 2002 to address hyperinflation.
Current Use
Today, the IRR is the primary currency used in Iran for all financial transactions, though the currency experiences high inflation and is often used alongside other forms of payment such as digital currencies and foreign currencies in certain contexts.