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1000 Kwacha
| Issuer | Reserve Bank of Malawi |
|---|---|
| Year | 2014-2024 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
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| Shape | Rectangular |
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| Obverse description | Central vignette presents the Reserve Bank of Malawi headquarters building in Lilongwe, with a portrait of Dr. Hastings Kamuzu Banda to the right. The denomination "1000 KWACHA" is printed in bold lettering, with the issuing authority inscription across the upper portion of the note. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Central vignette shows the Mzuzu maize silos complex, accompanied by an upright stalk of maize (corn) and a silhouette of two figures engaged in the traditional practice of mashing maize. The agricultural theme underscores the importance of maize cultivation to Malawi's national economy. |
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| Comments |
The P#67 series brought the 1000 Kwacha to polymer in several regional markets during the same period, but Malawi retained paper for this issue — a practical choice given the Reserve Bank's established supply relationships and the logistical costs of transitioning the highest-denomination note while inflation was already compressing its real purchasing power.
By the mid-2020s, the 1000 Kwacha had lost substantial value against the US dollar following the 2023 devaluation that saw the kwacha lose roughly 44% of its official rate in a single adjustment.