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1 Kwacha
| Issuer | Reserve Bank of Malawi |
|---|---|
| Year | 1992 |
| Type | Standard circulation coin |
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| Obverse description | Right-facing bust of President Hastings Kamuzu Banda occupying the majority of the field, rendered in high relief with fine detail on the cropped hair and suit collar. The effigy is engraved in a naturalistic portrait style attributed to Paul Vincze. The legend MALAWI curves along the lower periphery in bold incuse Latin lettering, partially underlapping the truncation of the portrait. |
|---|---|
| Obverse script | Latin |
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| Additional information |
KM#20 belongs to the second-generation Malawian coinage introduced after the country abandoned its peg to the British pound sterling and moved toward managed float arrangements in the late 1980s and early 1990s. The shift to nickel brass for the one-kwacha denomination reflected both rising metal costs and the practical demands of a currency circulating under significant inflationary pressure during that period.