Malawi plans introduction of 5,000-kwacha note

The Reserve Bank of Malawi is planning to issue a new banknote of 5,000-kwacha. The current highest denomination in Malawi is the 2,000-kwacha note introduced about a year ago. However, this note has lost a lot of value making it necessary for the citizens of Malawi to carry a lot of banknotes with them.

Time will tell if the 5,000-kwacha will be the last new denomination or if perhaps a future 10,000-kwacha note will also be necessary.

Steven Wednesday 08 November 2017 at 09:51 am | | news
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