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10 Kwacha

Issuer Reserve Bank of Malawi
Year 1999
Type Non-circulating coin
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Obverse lettering REPUBLIC OF MALAWI 1999
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Edge Reeded
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Additional information

Malawi's silver commemorative program of the late 1990s was aimed squarely at the collector export market — these pieces were never intended for domestic circulation in a country where the kwacha was under sustained devaluation pressure following the removal of foreign exchange controls in 1994. KM#38 was produced in limited numbers for international distributors, typical of the small-nation commemorative trade that flourished through firms like Pobjoy Mint during this period.