Obverse. Photo © NumisCorner.com
  • 10 Kwacha 1985, KM# 18, Malawi, 20th Anniversary of the Reserve Bank of Malawi
  • 10 Kwacha 1985, KM# 18, Malawi, 20th Anniversary of the Reserve Bank of Malawi
Description

The Reserve Bank of Malawi is the central bank of Malawi established in the year 1964 located in Lilongwe. The current governor is Wilson Banda. The Bank is active in promoting financial inclusion policy and is a leading member of the Alliance for Financial Inclusion. It is also one of the original 17 regulatory institutions to make specific national commitments to financial inclusion under the Maya Declaration during the 2011 Global Policy Forum held in Mexico. The Reserve Bank of Malawi is the only institution permitted to issue the Malawian kwacha, which replaced the Malawian pound in 1971.

Obverse

Depicts a portrait of Hastings Banda right, surrounded by his name above in Chichewa meaning "HERO DR.H.KAMUZUBANDA·LIFE PRESIDENT" and country name in the banner below.

Hastings Kamuzu Banda (c. 1898 – 1997) was the leader of Malawi from 1964 to 1994, serving as Prime Minister and then its first president when the country became a republic in 1966. Educated abroad in fields like medicine and history, Banda returned to Malawi to advocate for independence from British colonial rule. He declared Malawi a one-party state under the Malawi Congress Party, and in 1971, became its President for Life. Despite modernizing infrastructure and education, Banda's rule was marked by severe repression, human rights abuses, and political killings. Under pressure, he agreed to end the one-party system in 1993 and lost the 1994 election.

Engraver: Paul Vincze

NGWAZI DR.H.KAMUZU BANDA·LIFE PRESIDENT
MALAWI

Reverse

Depicts the emblem of the Reserve Bank of Malawi (a fish eagle rising properly in front of the radiant sun over water barry), denomination below enclosed by the inscription of the event with dates of establishment and year of issue below, and legend above.

· RESERVE BANK OF MALAWI ·
10
KWACHA
20TH ANNIVERSARY · 1965-1985

Edge
Characteristics
Type Commemorative Issue (Non-circulating)
Material Silver
Fineness 0.925
Weight 28.28 g
Diameter 38.5 mm
Thickness 3 mm
Shape round
Alignment Medal
Mint
Royal Mint

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