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| 正面描述 | Portrait of James Frederick Sangala (1900–1974) at left, with the headquarters building of the Reserve Bank of Malawi in Lilongwe at centre, the rising sun above it. At lower right, a vignette of fishermen at work on the water, accompanied by an illustration of the Livingstone's cichlid (Nimbochromis livingstonii), locally known as Kalingono. |
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| 背面铭文 | 登录 以查看详情 |
| 签名 | 登录 以查看详情 |
| 防伪类型 | Watermark |
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Malawi's shift to polymer for its lower denominations in 2012 made the continued use of cotton paper for the 100 Kwacha an increasingly deliberate policy choice — one driven more by procurement cost and printing infrastructure than by security concerns. The Reserve Bank maintained the cotton substrate for this denomination through the entire P#65 run despite the broader regional trend toward polymer.
The watermark remains the sole security feature listed, a notably thin specification for a denomination that, given the kwacha's sustained depreciation against the dollar through this period, represented diminishing but still real purchasing power in daily transactions.