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500 Kwacha

Issuer Reserve Bank of Malawi
Year 2014-2021
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Currency Kwacha (1971-date)
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Obverse lettering RESERVE BANK OF MALAWI
PROMISE TO PAY THE BEARER ON DEMAND THE SUM OF K500
ISSUED UNDER THE RESERVE BANK OF MALAWI ACT
500 KWACHA
REVEREND JOHN CHILEMBWE
GOVERNOR
Reverse description Central vignette of Mulunguzi Dam at Zomba rendered in intaglio, with a panoramic view of the reservoir and surrounding forested hills to the upper left. A large water tap is superimposed at centre-right over a latent-image security panel, symbolising the dam's water supply function. Silhouetted figures carrying loads appear at lower right, and the Reserve Bank of Malawi arms are positioned at lower centre-right alongside the bank name inscription.
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The 500 Kwacha is the highest denomination in Malawi's current polymer-era cotton paper series and was introduced as the country's Reserve Bank worked to consolidate a note range battered by years of severe kwacha depreciation — by 2012, inflation had eroded lower denominations to near irrelevance in everyday transactions. De La Rue's Gateshead facility has long handled Malawi's security printing, a relationship stretching back decades through multiple currency reforms.

The P#66 series ran across several dated issues within the 2014–2021 window, with individual print dates distinguishing scarcer from more common examples within the type.

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