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1 Kwacha
| Issuer | Reserve Bank of Malawi |
|---|---|
| Year | 2004 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Weight | Log in to see details |
| Diameter | Log in to see details |
| Thickness | Log in to see details |
| Shape | Round |
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| Obverse description | Log in to see details |
|---|---|
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| Obverse lettering | UNITY AND FREEDOM MALAWI |
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| Reverse script | Latin |
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| Edge | Log in to see details |
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| Additional information |
Malawi's kwacha was introduced in 1971 when the country decimalized its currency, replacing the pound system inherited from the colonial Nyasaland administration. The 2004 brass-plated steel issue reflects a long-running cost-reduction strategy by the Reserve Bank, which had been substituting cheaper plated blanks for solid alloy coins since the late 1980s as the kwacha's purchasing power eroded under persistent inflation and IMF structural adjustment conditions.