Saturday, September 23, 2023

Malawi to introduce new 2,000 kwacha bank note

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Isaac Kaledzi
Isaac Kaledzi
Isaac Kaledzi is an experienced and award winning journalist from Ghana. He has worked for several media brands both in Ghana and on the International scene. Isaac Kaledzi is currently serving as an African Correspondent for DW.

Malawi’s Reserve Bank has announced that it is introducing a 2,000 kwacha equivalent to $2.80 bank note.

This will take effect from December 19 this year. The bank said introducing the new note was to check inflation.

The highest denomination note for now is 1,000 kwacha.

Photo Credit: Malawi's Reserve Bank
Photo Credit: Malawi’s Reserve Bank


The note will have a motif of Malawi University of Science and Technology on one side.

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The portrait of Malawi’s nationalist and freedom fighter John Chilembwe will also be on the other side.


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