Months ago we heard they were going to introduce a 1000MK note (at the time it would have been $6 but after devaluation it is only worth $4).
Then we heard it was going to have Bingu's face on it.
Last week we heard they would unveil the new bills this week and we'd have one year to spend our old ones before they stopped being accepted.
Then yesterday, it happened. At my roommate T's farewell dinner, people whipped out brand new bills....first a 500, then a 50, and then....drum roll please...a 1000 note (with Hastings Kamuzu Banda's face on it, not Bingu's)! And yes, we're told we have 1 year to get rid of our old notes and then next May we'll be able to take all of the remaining notes to the bank and exchange it for new ones. After that, the old ones will be just that...OLD.
Even better than the new 1000MK note is that they are physically smaller than the old notes so they may actually fit into a regular wallet! If only I hadn't grown accustomed to just shoving wads of cash into my purse I might be happy about this (I don't even know if I have a wallet with me here since the old notes didn't fit into it)!
Anyway, take a look for yourself. The bills are so crisp and new and clean - it almost feels wrong to spend them! Now I'm trying to scrounge together old bills in each denomination - you know, as a collector's item :)
Then we heard it was going to have Bingu's face on it.
Last week we heard they would unveil the new bills this week and we'd have one year to spend our old ones before they stopped being accepted.
Then yesterday, it happened. At my roommate T's farewell dinner, people whipped out brand new bills....first a 500, then a 50, and then....drum roll please...a 1000 note (with Hastings Kamuzu Banda's face on it, not Bingu's)! And yes, we're told we have 1 year to get rid of our old notes and then next May we'll be able to take all of the remaining notes to the bank and exchange it for new ones. After that, the old ones will be just that...OLD.
![]() |
| Source - Reserve Bank of Malawi |
Anyway, take a look for yourself. The bills are so crisp and new and clean - it almost feels wrong to spend them! Now I'm trying to scrounge together old bills in each denomination - you know, as a collector's item :)

