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20 Kwacha Millennium

Issuer Reserve Bank of Malawi
Year 1999
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Value 20 Kwacha
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Obverse lettering REPUBLIC OF MALAŴI UNITY AND FREEDOM 1999
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Edge Reeded
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Additional information

Malawi's millennium commemorative program was produced for the international collector market rather than domestic circulation — the kwacha's purchasing power in 1999 made a silver 20-kwacha piece essentially worthless as currency at home. KM#31 is one of several issues from this series contracted through outside minting facilities, as the Reserve Bank of Malawi has historically lacked domestic striking capacity for precious metal commemoratives.