Catalog
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| Issuer | Reserve Bank of Malawi |
|---|---|
| Year | 1995 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Shape | Round |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Latin |
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| Edge | Plain |
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| Additional information |
Malawi's tambala coinage of the 1990s reflects the country's chronic shortage of hard currency following the collapse of the one-party state under Hastings Banda in 1994. The transition to multiparty democracy coincided with IMF-imposed structural adjustments that constrained the Reserve Bank's minting budgets, leading to irregular production runs and compositional substitutions across the small-denomination series — the non-magnetic bronze designation distinguishing this piece from later steel-core issues struck as costs rose further.