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200 Kwacha

Issuer Reserve Bank of Malawi
Year 2001-2003
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Size 156 × 78 mm
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Obverse lettering RESERVE BANK OF MALAWI
TWO HUNDRED KWACHA
PROMISE TO PAY THE BEARER ON DEMAND THE SUM OF K 200
ISSUED UNDER THE RESERVE BANK OF MALAWI ACT, 1989
JOHN CHILEMBWE
GOVERNOR
K200
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Protection type Watermark, Security thread, Optical variable device
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Comments

The P#47 series coincided with a period of acute economic strain in Malawi — the early 2000s saw foreign exchange reserves collapse, maize shortages tip into famine in 2002, and the IMF suspend support over governance concerns. High-denomination notes like this 200 Kwacha circulated under conditions of accelerating inflation that would, within a decade, push Malawi toward much larger face values entirely.

De La Rue's inclusion of an optical variable device on a Malawian note at this date was relatively advanced for the region's circulating currency — OVD features were still uncommon on sub-Saharan African issues outside South Africa in this period.

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