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50 Kwacha

Issuer Reserve Bank of Malawi
Year 2005-2011
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Size 145 × 72 mm
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Obverse description Intaglio portrait of John Chilembwe at right, rendered in dark teal tones against a multicolour guilloche underprint incorporating yellow and pale blue hues; a vignette of fishermen in a traditional boat on a lake occupies the centre-left, with a stylised fish watermark device visible at upper left. The issuer's name appears in a dark teal panel across the top, the denomination in large numerals at upper right, and a Governor's signature with date appears at lower left alongside the decorative map-shaped printer's mark.
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Reverse lettering Fifty Kwacha / K50 / Reserve Bank of Malawi / Independence Arch - Blantyre
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Comments

P#53 spans a six-year run that coincided with Malawi's sustained tobacco export dependence and the Mutharika government's contentious fertilizer subsidy program — a period of chronic fiscal pressure that kept inflation elevated and eroded the real value of this denomination faster than the bank could revise its note ladder. The 50 Kwacha sat awkwardly in the middle of a range that needed restructuring but didn't get it until the 2012 polymer transition.

Security provision for this series was modest by contemporary African central bank standards — no color-shifting ink, no optically variable device.

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