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5 Kwacha

Issuer Reserve Bank of Malawi
Year 1995
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Printer Thomas De La Rue & Company, London
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Obverse lettering Reserve Bank of Malawi
FIVE KWACHA
K5
PROMISE TO PAY THE BEARER ON DEMAND THE SUM OF K5
ISSUED UNDER THE RESERVE BANK OF MALAWI ACT, 1989
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Reverse lettering FIVE KWACHA
Reserve Bank of
MALAWI
MALAWI WILDLIFE
K5
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Comments

The P#30 series was introduced as part of a broader re-denomination effort following Malawi's shift away from the fixed exchange rate that had propped up the kwacha through the late 1980s. By 1994–95, the currency had been floated and the kwacha lost value sharply against the dollar, which made the 5 Kwacha a note of increasingly marginal purchasing power even at issue.

Thomas De La Rue's involvement in Malawian currency production stretches back to independence-era issues, making this a continuation of a long printing relationship rather than a new contract.

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