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Topic: Kwacha

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	Players search for kwacha’s real value (Site not responding. Last check: 2007-10-11)
		The paper says the challenge now is to chart the “fundamental” value—based on economic variables like interest rates— of the kwacha by leaving it to depreciate by a margin equal to the real interest rate spread or differential between the kwacha and US dollar.
		Since the kwacha is already trading at last year’s proposed fundamental value, it would be logical to conclude that the local unit should be expected to depreciate further from its current levels.
		As things stand, the way to go for the kwacha now should be down, as it prepares for the upward swing later on its way to reclaiming its clout enjoyed in the 1960s and 70s.
	www.nationmalawi.com /articles.asp?articleID=16589 (1458 words)

	The Daily Times - Malawi’s Premier Daily (Site not responding. Last check: 2007-10-11)
		The kwacha has gained against the greenback from an average 140 in June and to sell at 138 on the back of steady inflows from major exports---tea and tobacco.
		“But for the remainder of the year, the kwacha is expected to fluctuate according to its usual seasonal pattern, whereby it depreciates in the final quarter of the year after tobacco auctions have closed,” reads part of the report.
		But Finance Minister Goodall Gondwe said the strength of the kwacha against major global currencies is as a result of good microeconomic fundamentals.
	www.dailytimes.bppmw.com /article.asp?ArticleID=2301 (336 words)

	The Daily Times - Malawi’s Premier Daily (Site not responding. Last check: 2007-10-11)
		THE stability of the kwacha, currently selling at an average of 139 to the United States Dollar, seems guaranteed on the back of funds trickling in from debt cancellation, a Stanbic Bank has said.
		However, despite the sluggish export reserves, the report says the local currency value to the dollar and euro, was almost flat throughout August and September, at about K138 and K178 respectively.
		However, Malawi Confederation of Chambers of Commerce and Industry (MCCCI) says the appreciation of the kwacha based on debt relief funds is not good for the economy.
	www.dailytimes.bppmw.com /article.asp?ArticleID=2851 (346 words)

	Kwacha Afrika
		Kwacha Afrika aims to become the leading NGO in Coast Province in reducing HIV/AIDS infection and poverty by demonstrating results, sharing knowledge and influencing others.
		Participants of a workshop on HIV/AIDS formed Kwacha Afrika in February 2000 as a youth group.
		In January 2004 Kwacha Afrika was registered with ministry of culture and social service as a community based organization and later as an NGO in November 2005.
	www.kwachafrika.org (147 words)

	Kwacha Afrika Youth Group - Mombasa \| Foundation for Sustainable Development
		Their main aim is to keep school dropouts or those struggling with attendance, who have no employment prospects, away from drug abuse and high-risk sexual activity, and to help the youth develop their talents.
		The first is their drama group which consists of trained local youth who conduct outreaches on various issues, do magnet theatres, visit schools, and perform plays.
		Kwacha has also recently begun a Girls Forum program; this is a group of young women working to educate the girls in the area on their rights and reproductive health concerns.
	www.fsdinternational.org /node/view/248 (272 words)

	The Namibian \| Marketplace News \| Zambia c.bank launches plans to defend ailing kwacha
		He said the bank was taking a series of "corrective" measures, including raising the statutory reserve ratio on both kwacha and foreign currency deposits to 15 percent from 12.5 percent from December 3.
		The kwacha has steadily declined from its best level of 3,079 against the dollar in March, reached after the central bank launched it first wave of actions to defend the currency.
		On Monday, commercial banks posted kwacha at an average of 3,835 against the U.S. dollar and dealers said there were inquiries from offshore buyers quoting kwacha at around 4,300.
	www.namibian.com.na /2001/November/marketplace/012A52D3CB.html (487 words)

	Bank rules out quick appreciation of the kwacha (Site not responding. Last check: 2007-10-11)
		Apparently, the IMF would like to see a weaker kwacha at this time when sales of tobacco and tea—the country’s major export commodities—are in season.
		The aim of such a directive is to help the country build her dwindling reserves in the long term, narrow her trade deficit and boost kwacha earnings for producers.
		This could complement government’s strategy to turn Malawi into a mass producer and exporter as opposed to a wholesale importer and consumer it has been for a long time at the expense of building a foundation for growth.
	www.nationmalawi.com /articles.asp?articleID=16476 (384 words)

	UNICEF - Malawi - malawi
		Kate is one of the 2,500 women who delivered their infant at the Kasungu hospital in 2002 and bought a mosquito net for 50 kwacha (less than 20 US cents).
		The price of the mosquito net, which is sold with an insecticide treatment kit, is heavily subsidized by UNICEF in the rural hospitals and health care centres of Malawi, one of the poorest countries in the world.
		Pregnant women are also given anti-malaria tablets during their pregnancy and can buy the re-treatment kit (which includes an insecticide tablet, plastic gloves and a measuring plastic bag) for 20 kwacha (8 US cents).
	www.unicef.org /infobycountry/malawi_2430.html (872 words)

	afrol News - Malawi loses US$ 40 million in corruption
		Malawi's civil society has since bemoaned the revelation, saying it is a mockery to the current situation when the country is going begging for food relief to save its 5 million citizens whose lives are at stake due to the hovering hunger.
		The document alleges that the government has not yet recovered kwacha 13 million in a case where DPP Secretary-General Joyce Banda is said to have been awarded a kwacha 26 million contract to construct a transit depot by ADMARC, the national food security agency, in 2002 when she was a Board Member.
		The document also reveals that Malawi's government lost kwacha 2.9 billion in a case in which ADMARC management and some officials of the formerly ruling UDF party are alleged to have mismanaged and plundered the Strategic Grain Reserves (SGR).
	www.afrol.com /articles/17342 (1075 words)

	Bank of Zambia Fifty Kwacha - 50 Pieces - Great Party Favor
		The New Kwacha In 1967, the Government decided in favour of decimalisation and designated the main unit as Kwacha comprising of 100 ngwee.
		The £5 note became K10, the £1 note K2, then ten shilling note one Kwacha note and a new 50 ngwee note was introduced to correspond to the old 5 shillings, 2 shilling coin became 20 ngwee, one shilling coin became 10 ngwee and 6 pence became 5 ngwee.
		In the wake of the U.S. Dollar devaluation on December 18th, the Kwacha's gold content was reduced 7.89% on December 22nd, thus paralleling the American unit's devaluation and leaving the Official Rate unchanged.
	www.scripophily.net /banofzamfifk.html (1105 words)

	Job cuts loom as kwacha gains against dollar (Site not responding. Last check: 2007-10-11)
		The good news is that a strong, stable kwacha could attract foreign direct investment and allow local businessmen dealing in kwacha to plan more efficiently; the bad news is that the strong kwacha has hurt exporters in the agriculture sector.
		They are now planning to cut more than 500,000 jobs because their earnings have been slashed as a result of the strong currency, increasing the country's already high percentage of people living in poverty.
		In October the kwacha was trading at 4,502 to the US dollar, but this week it went to between Kwacha 3,200 and 3,500 to the dollar, mainly as a result of rising demand for copper, Zambia's major foreign currency earner, by China and the United States.
	www.irinnews.org /print.asp?ReportID=50577 (541 words)

	Malawian kwacha - Wikipedia, the free encyclopedia
		The kwacha replaced the Malawian pound at a rate of 2 kwacha = 1 pound.
		The kwacha (ISO 4217: MWK) is divided into 100 tambala.
		The name kwacha derives from the Nyanja and Bemba word for "dawn" while the name tambala translates as "cockerel" in Nyanja.
	en.wikipedia.org /wiki/Malawian_kwacha (247 words)

	jctr.org.zm - Press Release
		If the strengthening of the Kwacha against the dollar is considered as a meaningful indication, not only for itself but as a sign of how the larger economy is improving, as some observers have put it, then there is cause for greater optimism about the future by the Zambian people.
		However, the fact that the strengthening of the Kwacha has not had any perceivable relationship to the reduction of key production ingredients such as fuel means that this phenomenon is meaningful only for itself.
		For now, whatever the reasons for the appreciation of the Kwacha are or may be, one issue remains clear: we still have a lot of work to do in Zambia to improve people’s lives.
	www.jctr.org.zm /publications/pr6nov05.htm (604 words)

	flood.culture.articles.cash, cows, and kwacha
		It was then that the pelekani started -- a Malawian custom borrowed from weddings and engagement parties where the guests dance forward in a broad line to shower the bride with kwacha notes.
		Each basket was labeled -- 5 kwacha, 10 kwacha, 20 kwacha, 50 kwacha, 100 kwacha and 200 kwacha.
		At offering time all those with 5 kwacha notes could dance up and toss bills into their basket -- then the 10 kwacha holders had their turn -- then the 20's -- etc. The method worked beautifully.
	www.diveintoflood.com /culture/articles/cash_cows_kwacha.php (716 words)

	Hastings Banda Malawi Banknotes (Site not responding. Last check: 2007-10-11)
		He was arrested in 1959and freed in 1960.Assuming leadership of the government Banda made Malawi a Republic in 1966 and declared himself President for Life in 1971.Ruling with a iron hand through the 1980's and early 90's he finally lost power in May 1994.
		The Kwacha has been the currency since 1971.Kwacha derives from the Zambian Bembe word for" dawn",Tambala(100 Tambala equals one Kwacha) means "cockerel" in Nyanja.
		An example of such a date series is PICK 12a,12b,12c,TEN KWACHA, which have different dates but all have the same signature.
	africanbanknotes.com /newwebjul06/Banda.htm (285 words)

	aydpels: Kwacha appreciation: The implications for Zambia
		The exchange rate of the Kwacha against the US dollar is increasingly becoming sensitive to developments in global commodity markets particularly copper.
		He said the exchange rate of the Kwacha against the US dollar will increasingly reflect developments in the global commodity markets and influenced less by developments in domestic markets.
		Another implication is that market participants’ now have a better appreciation of the issue of competitiveness particularly the role played by exchange rate fluctuations and the need to implement market based solutions devised by market participants themselves and not direct government intervention.
	aydpels.blogspot.com /2006/08/kwacha-appreciation-implications-for.html (1240 words)

	ZAMBIA’S CURRENCY- KWACHA BECOMES STEADY AGAINST MAJOR CURRENCIES.
		The Kwacha is expected to take a new quick direction after the announcement of Zambia's HIPC status, Finance Bank has said.
		Last week, the kwacha was largely steady and closed the week at K4,650 and K4,700 against the dollar for buying and selling, respectively.
		Despite the continued inflows of the dollar from all major suppliers, the kwacha did not record significant gains as demand also increased.
	www.voiceofafricaradio.com /newsdetails.php?id=333 (289 words)

	Internet Archive: Details: JUMP Kwacha Podcast
		This podcast is made and produced and done solely by teens within the JUMP Kwacha group.
		The JUMP Kwacha podcast will share stories and points of view of teens concerning the AIDs epidemic that is sweeping across their country.
		The Kwacha Podcast team is comprised of Mwanajuma Juma, Fatma Athaman, Doreen Neema, Rama Juma, Hidaya Rashid, Mohammed Rashid.
	www.archive.org /details/JUMPKWACHA (129 words)

	Zambian Kwacha - Search Results - MSN Encarta
		As at early 2006, 3,418 Zambian kwachas equalled US$1.
		The decimal system of currency, issued in 1968, is based on the Zambian kwacha, consisting of 100 ngwee (3,418 Zambian kwachas equalled US$1; early...
		Tanganyika, Lake, east central Africa, in the Rift Valley, bordered on the north by Burundi, on the east by Tanzania, on the south by Zambia, and on...
	uk.encarta.msn.com /Zambian_Kwacha.html (100 words)

	Malawi Kwacha and Malawi currency information including currency exchange rates
		Since 1970, the kwacha, denoted by the ISO code MWK, has been the monetary unit of Malawi.
		The Malawian kwacha is further divided into 100 tambala.
		The kwacha was adopted by Zambian kwacha, which was used in Zambia since 1968.
	www.gocurrency.com /countries/malawi.htm (410 words)

	Calculator for Zambian Kwacha (ZMK) Currency Exchange Rate Conversion
		Enter the amount to be converted in the box to the left of the currency and press the "convert" button.
		To show Zambian Kwacha and just one other currency click on any other currency.
		The Zambian Kwacha is divided into 100 ngwee.
	coinmill.com /ZMK_calculator.html (312 words)

	[No title] (Site not responding. Last check: 2007-10-11)
		Our group of companies was formed for the primary objective of acting as a Holding Company to coordinate the operational and policy issues of all the family companies.
		Over the years, it has taken on challenges as procuring and coordinating business opportunities with Government Departments and Corporations as well as the larger private corporations.
		Kwacha Group of Companies in conjunction with other family companies has successfully maintained long time business relationships with organizations such as the Central Bank of Kenya, Post Bank, as well as all the Commercial Banks in Kenya today.
	www.kwachagroup.co.ke (138 words)

	Convert Malawian Kwachas (MWK) and Zambian Kwacha (ZMK): Currency Exchange Rate Conversion Calculator
		Rate table - See a chart of currency rates between Malawian Kwachas and Zambian Kwacha.
		RSS Feed - The Zambian Kwacha and Malawian Kwachas exchange rate delivered to your personal home page.
		The Malawian Kwacha is divided into 100 tambala.
	coinmill.com /MWK_ZMK.html (381 words)

	ZTO Metals section : Resurrecting The Kwacha
		Our desire for a strong Kwacha will remain wishful thinking unless we tackle productivity as well as externalisation of foreign exchange in concert.
		For as long as BOZ does not call it what it is the market will continue to speculate, further worsening the value of the Kwacha.
		At the moment BOZ appears to be ashamed to admit publicly that we made a mistake in the past and are beginning to take steps to correct the situation.
	metals.zambezitimes.com /fulltxt.php?id_news=30 (785 words)

	Malawi Kwacha - Search Results - MSN Encarta (Site not responding. Last check: 2007-10-11)
		Malawi Kwacha - Search Results - MSN Encarta
		As at early 2006, 128.19 kwacha equalled US$1.
		Help with Spanish, French, German, and Italian homework.
	uk.encarta.msn.com /Malawi_Kwacha.html (87 words)

	Zambian Coins
		Portrait of Edward VII on Reverse of Zambian 4000 Kwacha
		Queen Victoria on Reverse of 2001 Zambian 4000 Kwacha
		For 2001, the Bank of Zambia have issued a pair of proof crowns, each with a centenary theme.
	www.24carat.co.uk /zambia.html (344 words)

	kwacha - Dictionnaire Français-Anglais WordReference.com
		We found no English translation for 'kwacha' in our French to English Dictionary.
		Or did you want to translate 'kwacha' from English to French?
		Forum discussions with the word(s) 'kwacha' in the title:
	www.wordreference.com /fren/kwacha (41 words)

	Zambia Kwacha - Zambian Currency Gallery - Paper Money & Banknotes of Zambia - Banknotes.com
		Zambia Kwacha - Zambian Currency Gallery - Paper Money & Banknotes of Zambia - Banknotes.com
		10 Kwacha (1989-91) (Pres Kaunda; fish eagle; giraffe)
		The following links will lead you away from Banknotes.com.
	www.banknotes.com /zm.htm (40 words)

	Kwacha Afrika Troupe
		Kwacha Afrika Troupe (KAT) is a youth based community organization which is registered with the Ministry of Culture Social Services in Mombasa, Kenya.
		Apart from income generating activities, the members have been fully involved in HIV & AIDS awareness, prevention and care programs.
		Web site designed by Andrew Boulton and donated by InterConnection
	kwachafrika.interconnection.org (197 words)

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