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1 Kwacha

Issuer Reserve Bank of Malawi
Year 1973-1975
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Currency Kwacha (1971-date)
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Obverse description Printed in red-brown tones, the obverse carries an intaglio portrait of President Dr. Hastings Kamuzu Banda in an oval vignette at right, set against a central vignette of Lake Malawi shoreline with palm trees, a fishing boat, and distant hills rendered in fine engraved line work. The header reads RESERVE BANK OF MALAWI with the promise-to-pay clause below, and the denomination K1 appears in guilloche cornerpieces at each corner. The issue date and Governor's signature appear at lower centre, with the serial number printed twice in red.
Obverse lettering RESERVE BANK OF MALAWI
PROMISE TO PAY THE BEARER ON DEMAND THE SUM OF
ONE KWACHA
ISSUED UNDER THE RESERVE BANK OF MALAWI ACT, 1964
GOVERNOR
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Malawi's first kwacha series launched in 1971 following decimalisation, which replaced the Malawian pound at a rate of two kwacha to one pound. Bradbury Wilkinson, then operating from their New Malden facility in Surrey, handled much of Anglophone Africa's security printing in this period — their contracts stretched from Zambia to Sierra Leone, producing notes that share a recognisably cautious, conservative aesthetic across very different issuing authorities.

P#10 is the second date range for this denomination, superseding the 1971 issue. Relatively short window of production before the series was replaced in 1976.