1 Kwacha

Vorderseitenbeschreibung	Intaglio portrait of Dr. Hastings Kamuzu Banda set within an oval guilloche frame at right; the central vignette presents fishermen hauling a net from a boat on a lake at sunset, framed by palm fronds against a mountainous horizon. The denomination K1 appears in guilloche rosettes at all four corners, with serial number and date printed in the lower portion of the note.
Vorderseitenlegende	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
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Sicherheitsmerkmal	Anmelden um Details zu sehen
Beschreibung der Sicherheitsmerkmale	Anmelden um Details zu sehen
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Anmerkungen	The P#19 series spans a three-year window during which Malawi was still operating under Hastings Banda's one-party state, a period when the Reserve Bank maintained tight control over note issuance and circulation data. De La Rue supplied Malawi through most of the Banda decades, and this denomination was a genuine workhorse in daily transactions — the 1 Kwacha sat at a level of real purchasing utility before successive devaluations through the early 1990s eroded its practical value. The watermark is the sole security provision on this issue — no security thread, no fluorescent ink. Relatively modest even by the standards of the period.