Catalog
See full images - free registration
Continue with Google - no registration!
or register with email
Why register? Just to keep bots out of our catalog. Your email stays private - we will never share it or send you anything uninvited. We guarantee you that!
20 Kwacha
| Issuer | Reserve Bank of Malawi |
|---|---|
| Year | 1986-1988 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Kwacha (1971-date) |
| Composition | Log in to see details |
| Size | Log in to see details |
| Shape | Log in to see details |
| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
| Reference(s) | Log in to see details |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | RESERVE BANK OF MALAWI PROMISE TO PAY THE BEARER ON DEMAND THE SUM OF TWENTY KWACHA ISSUED UNDER THE RESERVE BANK OF MALAWI ACT, 1964 GOVERNOR K20 |
| Reverse description | Log in to see details |
| Reverse lettering | KAMUZU INTERNATIONAL AIRPORT RESERVE BANK OF MALAWI K20 |
| Signature(s) | Log in to see details |
| Protection type | Log in to see details |
| Protection description | Log in to see details |
| Variants | Log in to see details |
| Comments |
Malawi's 20 Kwacha occupied an awkward position in the series through the late 1980s — high enough in face value to be significant in everyday transactions, but issued during a period when the kwacha was under sustained depreciation pressure tied to Malawi's structural adjustment agreements with the IMF. The Reserve Bank was simultaneously managing note supply and defending a crawling peg, which meant print runs for higher denominations were kept deliberately conservative.
De La Rue supplied most of Malawi's notes throughout the Banda era. The watermark security on P#22 reflects the relatively modest specification level typical of smaller African central bank contracts of the period — multicolour intaglio printing was the primary security reliance, not elaborate embedded features.