Catalog
1 Kwacha
| Issuer | Reserve Bank of Malawi |
|---|---|
| Year | 1976-1988 |
| Type | Standard circulation banknote |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | RESERVE BANK OF MALAWI Promise to pay the bearer on demand the sum of ONE KWACHA Issues under the Reserve Bank of Malawi Bank Act, 1964 |
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| Reverse lettering | RESERVE BANK OF MALAWI ONE KWACHA K1 |
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| Comments |
The P#14 series ran across an unusually long window — over a decade — during which Malawi maintained a fixed exchange rate against the pound sterling until 1984, when the kwacha was pegged instead to a trade-weighted basket. That policy shift didn't trigger a new note design, so the same series continued printing well past the economic conditions that originally shaped it.
Thomas De La Rue handled the full run, as they did for virtually all Malawian issues of this period. The watermark is the sole security feature — modest even by the standards of the time.