Catalog
50 Kwacha
| Issuer | Reserve Bank of Malawi |
|---|---|
| Year | 1990-1994 |
| Type | Standard circulation banknote |
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| Composition | Log in to see details |
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| In circulation to | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
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| Reverse lettering | INDEPENDENCE ARCH RESERVE BANK OF MALAWI |
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| Protection type | Log in to see details |
| Protection description | Rooster |
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| Comments |
Thomas De La Rue printed this series across a five-year window as Malawi's economy lurched through a difficult structural adjustment period — the IMF's conditions on the Banda government forced a series of currency reforms that affected denomination planning throughout the early 1990s. The 50 Kwacha sat at the top of the circulating range for most of this issue's life, a position that shifted as inflation eroded its practical purchasing weight.
Watermark-only security was already conservative for De La Rue at this period, when more complex features were available on request. Budget constraints almost certainly drove that choice.