Malawi no longer issuing 20-kwacha notes
11 11, 2011 15:05 Category: Africa
According to an article on Nyasa Times dated 11 November 2011, the Reserve Bank of Malawi claims it has stopped issuing 20-kwacha (US$0.12) notes because they are in short supply and the existing stock consists of poor-condition notes. Speculation holds that the move is intended to encourage use of coinage instead of notes.
