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10 Kwacha
| Issuer | Reserve Bank of Malawi |
|---|---|
| Year | 1997 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Printer | Thomas De La Rue & Company, London |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | TEN KWACHA RESERVE BANK OF MALAWI PROMISE TO PAY THE BEARER ON DEMAND THE SUM OF K10 TEN KWACHA ISSUED UNDER THE RESERVE BANK OF MALAWI ACT, 1989 JOHN CHILEMBWE GOVERNOR 1st JULY 1997 K10 |
| Reverse description | Log in to see details |
| Reverse lettering | TEN KWACHA K10 RESERVE BANK OF MALAWI GIRLS IN EDUCATION |
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| Comments |
The 1997 date places this note late in a period of acute fiscal stress for Malawi — the IMF and World Bank had suspended aid disbursements in 1992 over governance concerns, and the country's transition from Banda's one-party state to multiparty democracy in 1994 left the Reserve Bank managing serious exchange rate instability. The kwacha had lost significant ground against the dollar through the mid-1990s, and notes of this denomination were passing through hands quickly.
Thomas De La Rue's involvement here is unremarkable by regional standards — they printed the majority of Malawi's notes across this period — but the cotton substrate on a note of this size and denomination was a deliberate cost-acceptance, since lighter-use denominations in neighboring countries had already shifted to polymer by this point.