TAMBALA Meaning and
Definition
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Tambala is a noun that refers to the currency of Malawi, a country located in southeastern Africa. It is the official currency of Malawi and is divided into 100 smaller units called tambala (singular: ticala). Introduced in 1971 to replace the Malawian pound, tambala serves as the legal tender in the country, and its symbol is MK.
The tambala is issued and regulated by the Reserve Bank of Malawi, which ensures its stability and value within the nation's economy. It is primarily in the form of banknotes, with denominations that include 20, 50, 100, 200, 500, and 1,000 Malawian kwacha. Coins are limited and currently only exist in denominations of 1, 2, 5, and 10 tambala.
The term "tambala" also holds cultural significance in Malawi. In the local Chewa language, it means "a piece" or "a fragment," reflecting its role as a representative unit of currency. The name "tambala" therefore encapsulates the concept of a fractional part used as a medium of exchange.
As with other currencies, the value of the tambala fluctuates in relation to global exchange rates and local economic factors. The Reserve Bank of Malawi actively manages the currency, with the aim of maintaining its stability and purchasing power, ensuring that it remains an integral part of the country's monetary system.
Common Misspellings for TAMBALA
- rambala
- fambala
- gambala
- yambala
- 6ambala
- 5ambala
- tzmbala
- tsmbala
- twmbala
- tqmbala
- tanbala
- takbala
- tajbala
- tamvala
- tamnala
- tamhala
- tamgala
- tambzla
- tambsla
- tambila
Etymology of TAMBALA
The word tambala originates from the Chichewa language, which is spoken primarily in Malawi, a country in southeastern Africa. In Chichewa, tambala means money or currency.
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