Malawi replaces torn and dirty banknotes by spending several million US dollars each year. This is because people throw money as a sign of good luck during weddings and other social events. These banknotes are stepped on and get soiled or torn over a period of time, making them unusable. Officials have stated that 12 to 13 billion Malawi kwacha or $17 million has been spent to destroy old notes and replace them with new ones every year.
People, on the other hand, are complaining that the banknotes are not durable enough. Others think that it would be almost impossible to stop people from performing these traditional rituals. All they can do is inform people about the ill-effects of this tradition.
The Central Bank of Malawi is running a campaign worth 500 million kwacha to educate people about these problems. They will request people to take better care of banknotes. They also have plans to prosecute culprits from 2018.
Prayagraj was mint town of Suris. During the reign of Akbar, the ancient pilgrim centre of Prayagraj...
The AIRF, a major organization within the Indian Railways system, completed its centenary, working t...
Princely State Datia was founded in 1735 CE by Bhagwan Das, son of Narsingh Dev of the Orchha Royal ...
Princely State Dholpur, was located in the easternmost state of Rajputana Province during the Britis...
Chhatarpur princely state was founded in 1785 and ruled by the descendants of Bundela Rajput leader ...
Thank you for visiting our website and for your interest in our endeavour.
For a past few days we have been recieving queries whether we buy/sell coins, stamps and currency.
We would like to inform you that, as of date, we have not provided such a platform. However please register on our website and do keep visiting our portal for further notifications on such a forum and other important and exciting news/updates.
Happy Collecting !
Email: info@mintageworld.com
Contact Us