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5 Kwacha

Issuer Reserve Bank of Malawi
Year 2012-2018
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Thickness 1.72 mm
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Obverse lettering MALAWI
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Reverse lettering 2015 5 KWACHA
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Additional information

Malawi redenominated its currency in 2012, with the kwacha losing roughly half its official value overnight after the government — under pressure from the IMF — abandoned the fixed exchange rate that predecessor Bingu wa Mutharika had stubbornly defended until his death in April of that year. The 5 Kwacha coin entered circulation in that same climate of abrupt monetary adjustment.

Stainless steel clad iron was the pragmatic choice for a country managing chronic import costs on coinage metals.

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