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

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.