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RESERVE BANK TO ISSUE NEW BANKNOTES

Reserve Bank of Malawi has said it will issue new banknotes that will have enhanced blind recognition features.

This has been disclosed in a Press Statement released RBM and Published in Nation Newspaper dated July 1, 2014, signed by Charles S. R. Chuka ,Governor.

According to the statement, the decision has been arrived after Bank reserved lots of complaints especially from Malawi Union for the Blind (MUO) and Federation of Disability Organization in Malawi  regarding the current banknote, saying the features used are not friendly to people who are visually impaired.

“The Bank is pleased to announce the release from August 2014 of new K20, K50, K100, K500 and K1,000 notes with enhanced blind recognition features.

“In addition, the colour of the K50 banknote has been changed to light green from light blue to differentiate it from the K200 note”,  reads the statement.

The statement further state that following the  50 years Independence celebration scheduled for July 6 this year RBM will issue  a special commemorative K1,000 banknote.

The commemorative banknote is a limited edition and will circulate side by side with the current K1,000 banknote.
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Robert Ngwira
Robert Ngwira
Attended Our Future Private Secondary School in Rumphi from 2006-2009 Holder of Diploma in Journalism from Malawi Institute of Journalism (MIJ) Hobbies, reading newspapers, going out with friends, listening to radio and watching football. Email: info@faceofmalawi.com

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