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20 Kwacha

Uitgever Reserve Bank of Malawi
Jaar 2014-2020
Type Standard circulation banknote
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Beschrijving beveiliging Inkosi ya Makhosi M'mbelwa II with numeral 20; embedded security thread with RBM text
Varianten P#63a - 01.01.2014
P#63b - 01.01.2015
P#63c - 01.01.2016
P#63d - 01.01.2017
Opmerkingen

The P#63 series was part of Malawi's broader push in the early 2010s to modernize its note architecture following years of severe inflationary pressure — the kwacha was rebased in 2012 at a ratio of 1:1 after the Reserve Bank finally floated the currency, ending a prolonged period of managed exchange rates that had made the official rate nearly fictional against the parallel market.

Cotton substrate with watermark and thread places this squarely in the lower-security tier of the post-rebase series. No metallised foil, no color-shifting ink — a cost-conscious specification for a denomination that circulates hard.