Catalog
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| Issuer | Reserve Bank of Malawi |
|---|---|
| Year | 1971 |
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| Value | Log in to see details |
| Currency | Kwacha (1971-date) |
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|---|---|
| Obverse script | Latin |
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| Reverse description | The central field bears the full coat of arms of Malawi, featuring a quartered shield supported by two rampant lions, with a rising sun in the base quarter and wavy lines representing Lake Malawi. An African fish eagle displayed serves as the crest above the shield. A scroll beneath the supporters carries the motto UNITY AND FREEDOM. The date 1971 appears in the mid-field below the arms, with the denomination ONE KWACHA inscribed in large letters along the lower rim. |
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| Additional information |
Malawi decimalized its currency in 1971, replacing the pound-based system inherited at independence with kwacha and tambala. The switch was part of a broader post-colonial restructuring under Hastings Banda's government, which had declared Malawi a republic the previous year. The Reserve Bank had only been established in 1964, making this its first major currency overhaul.
The copper-nickel composition was a deliberate step up from the bronze coinage it replaced, signaling institutional permanence.