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10000 Meticais

Issuer República de Moçambique
Year 1991
Type Standard circulation banknote
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Protection type Watermark
Protection description President Joaquim Chissano portrait watermark
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Comments

Mozambique's 1991 10,000 Meticais note arrived during a period of severe economic strain — the metical had been in freefall since the mid-1980s, and this denomination, unthinkable at independence, was by then barely sufficient for routine transactions. The government had already launched a structural adjustment program under IMF pressure in 1987, which stabilized little and alienated much.

Thomas De La Rue's involvement here is unremarkable for the region — they printed extensively for Lusophone Africa throughout this period. What the watermark security offered against a backdrop of institutional collapse is another question.

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