Malawians discontent with RBM’s announcement of MK2,000 banknote

Nov 12, 2016 Politics 412
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Malawi-K2000-bank-note

Malawians have expressed anger over the decision by Reserve Bank of Malawi (RBM) to introduce MK2,000 bank note which will be in full circulation on December 19 2016, saying the development will affect the prices of commodities on the market.

Making the announcement on Friday, RBM governor Charles Chuka said the new note has been introduced because the current highest note of K1000 has lost value.

Malawi-K2000-bank-note
New K2000 bank note.

Chuka said the number of K1000 notes in circulation has increased from 13 percent in 2012 to 36 percent in 2016.

“This has resulted in the general public carrying large amounts of cash when doing transactions risking their lives and property,” Chuka said.

But the announcement has attracted mixed reactions with others accusing the ruling Democratic Progressive Party (DPP) led government of losing track.

Some Malawians who spoke with Malawi24 in an interview said life will be tough to the people as will fail to buy the basic commodities from the market.

Concurring on the same Nsanje Based Economist,Mr Moffat Nyerezerani says just very soon government will introduce MK10,000 banknote as the K2,000 will be losing its value again.

Meanwhile,the MK2,000 note will bear the portrait of Reverend John Chilembwe in front while the back will have a motif of the Malawi University of Science and Technology located in Thyolo district depicting the theme of social development (tertiary education).

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412 Comments

  5. That why God want to punish us,no raining, People have alot of money but little yield and too expensive.In front we shall have a lot of money in hand but dying with hunger.Kale a Malawi ankagwiritsa nthito MK20 kumanga Nyumba Lero kwabwera ma Mk 2000 note tigula Malata Mk 10000 lata limodzi.Ndinene kuti chani Zokomera achuma izi.

  7. No one can bcom happy with this,kugwa value kwa ndalama ndi kumeneko,tikhala ngati anzathu a Zambia pomwe ankagula botolo la Fanta Zk 3000.Tsopano pa MW zinthu ntengo wokhazikika,Aliyense akungochula mme

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  10. You are just wasting your time. Kaya yaikulu kaya yaing’ono, palibe chomwe sichidzasintha. Kumbukilani kuti zonse zomwe zinalembedwa m’buku lopatilika kuti ziyenela kukwanilitsidwa ndithu basi.

  12. Let me tell yu some!!!
    I don care who yu r,what yu look lyk,where yu came from,yu got more power or more money,fu***k yu for yo shit, we not fools, Mk2000 for what niggaz!!
    Am talkin bout yu,I don even kno where yu from,yu just came from behind tryin change things,
    Fu***k Mr P,fu***k RBM, fu**k all niggaz involved on this,
    We are the citizens, we love our nation coz that’s only place we belong.we kill it,we kill ourselves.
    This political thing,its gettin worse,so let’s do em hard,let em kno we not happy anymore,
    As for me!!!!hahaha, Mk2000,its worse night mare.

  22. kumangopanga chabe spend money 4 9thng zomapangila print zindilama zanuzo, mmalo mokazipereka ku fertilizer octhipa kut anthu alime njala enthe, stupid pple

  25. If 1000kwacha lost power why not to remove one zero .and to make 100 kwacha and 500 kwacha to make it 50 kwacha like what they did in Zambia .u can’t see good example from your neighbour. U must be very stupid with your foolish deceseion making .

  27. lets bind us together strong as one family to fight a good fight to stop this rubbish uku ndikuonjezera umphawi omwe tikulephela kuugonjetsa definitely amalonda akukweza zinthu zao posaganizila za amalawi ovutikafe kuno ndiku Malawi komwe amalonda amadziwa kukweza katundu wao akamva kut ndalama yagwa ndipo samayerekeza kutsitsanso mitengo pa katundu wao zikamveka kut ndalamai yapeza mphamvu

  28. Reserve Bank of Malawi has justfied introduction of the K2000 in the media It’s like the song:”times are changing.” Come on folks, get over ur anger, the che notes will be in circulation by 19 Dec’16, that’s it the die s cast.

  30. Mburi ina yophuzira..yalongosola bwino.moti sikuona kuti kumeneku nde kutha kwa mphamvu ya ndalama yathu….nde akuti malawi wake up…aaaaa tili mchani choti ndalama yathu mkudzabwezeletsa mphamvu zake……kumvetsa chisoni……!!!!!

  34. can sometime tell me why Europe and India are crying over higher currency??? bcoz i can see other people are are defending it out of political interest……..but be frank all Malawians will be affected over having higher currency

  42. Its economic meltdown, everywhere it’s happing as am writing it is happening in india as they have introduced large notes like that and removing zeros like Zambia. Repea has gone down

  47. Friends don’t kill yourself in minds this papers has no value I have the video here that shows a real value paper drop your whatsapp # then I will send it to you!

  51. Sad part of the game of ppl and government is
    Once they decided no matter how hard we wish things to change it remain the same way they want to be. The meaning of democracy is gone we can’t speak at all. If u hv to ask them the price of soap I doubt if the can tell u why bcz they don’t care those who r down look the price of fertilizer/bag do u expect ppl to buy? Ndiye mudziti mukuthetsa mavuto by making mk2000 note. Chokomera poti simunaonepo mavuto.

  52. Higher denominations make corruption easier. Most transactions of corruption take place in cash to avoid getting scrutiny. Currently, for bigger sums, they need to carry truck loads of cash which is difficult to carry. Introducing higher denomination currency would make it easier for these people.

  55. Koma zambili ndilib but. Chauta akuonani inu mkuononga ziko lake anthu kukhalila kulila zona inu mkusekelela uuuh kaya. Koma ndinu masimba a galu

  59. For an example Fred is correct, here in RSA when you work for the company as an office cleaner and earning R4500 amonth zimene Ku muziko sizingatheke or pang’ono cifukwa ndima K100 of thousands nde kulibwino kukapezadi ndalama yampamvuyo. Cifukwa Kamuzu K100 yake imagula zambiri analidi Kadaulo, potukula Malawi ndi mfundo zogwira, samabisa koma munali maproject ambilimbiri ADD Admarc fertilizer subsidies zintu sizimakwera chisawawa, mfundo zabwino kuunikira Malawi kuti tingapite bwanji pasogolo koma Pano mmmmm Malawi yikutha.

  65. look at kwacha where it is now, where do u think this comin years malawi will be? are going to the right direction? in tanzania 100 shillings ucan buy a shoe, what do u thnk 100 kwacha here in malawi can buy?

  66. It shows now that Maiawi currancy it will be just like papers and shem to the poor peole because the poor people becomes more poor so its better to use Dorras like ZIMS because this is MANYE OR BIBI GOVERMENT AND P MTHALIKA HIS FREE FROM POVETY BECAUSE HE HAS EVERYTHING HE NEED HE DON’T CARE ABOUT OF PEOPLE SO WAKE UP MALAWIANS

  71. Even india last month introduced 2000 note Talk of canada and so many countries in Asia vuto amalawi mumangowona zakumalawi basi

  75. Eiish kodi dziko lathu likunka kuti ? Nkucha tizamvamso kuti mwapanga 10,000 note ndipoyipanga expire after 2weeks Malawi ukunka kuti kalanga ine

  79. A Malawi osakwiya nazo kwambiri izi iyi ndi debate chabe kuonapo magazizo a individually Aliyense. Cofunika aliyense pakalipano tamayambanipo kugwila ncito molimbika kuti tisasowe pogwira, osangodalira kupasidwa zaulere kucokera Ku boma mmizimo ayi masikuake siano, mukhalira kulira mpaka ndikukhumudwa mpaka kalekale.

    1. Ine maganizo omangoti tazilimbikirani a Malawi sindimagwilizana nawo, anthu kunja kuno amalimbikira kunena zoona, kodi kulimbikira kwake mukufuna kwa mtundu wanji? Magetsi m’mene akuvutilamu anthu atukuka bwanji? Magetsi panopa ndi ngodya imodzi ya chitukuko, Zigayo, ma Barber Shops, Welding Shops, Computer Cafe`s ndi zina zambiri tangotchulako zochepa ndiye anthu amenewa alimbikira bwanji magetsi ngati akuzimazima?

  83. Red card
    Ndichani chimene wapangira
    Ndalama imeneyi?????
    Bambo ako anali bwino
    Uyichose ndalamayo
    Maiko ambili adabwa nazo zimene wachita
    Mupaka K2 000

  86. Zingasinthe chani ku Malawi ovota ngakumudzi akangonamizidwa za ubwino basi vuto Presdent ali ndimphavu zambili olo mabungwe atani sizidasinthepo ku Malawi anthu akumudzi amangouzidwa zabwino zokha zokha zoipa ai palibeso chosintha apa zingatani

  95. Kaya, ine ndiye sindimagwiritsa ntchito kwambiri ndalama, zofunika pa moyo wanga zambiri ndimapanga ndekha,ndimalima, ndimaweta ,magetsi a Solar madzi anga atank asolar

  97. Mmm people that are best idea,a rerseve bank is done nothing long to make this money in december,am happy with a decision of this issue becoz money is saved in future therefore respect rerseve bank mind as this was to reduce poorerness in our country.secondly Malawi is to develop fast with that big cash

  109. BENGO the TRANSPORTER ************************** Bengo amagwira ntchito yowolotsa anthu pa Boat……… tsiku lina sitima yitafika,,,Bengo anapeza kasitomala woti amuwolotse…. kasitomalayo anali munthu wophunzira kwambiri{ professsor}….. Ali njira professor wuja anamufunsa Bengo,,, zonse zinali motere;…………….. PROFESSOR•••> kodi iwe!,,, Zoology umayiziwa? BENGO•••> Ayi bwana! PROFESSOR•••> nanga Physiology? BENGO•••> Ayinso bwana! PROFESSOR•••>Mmmmm!,,, nde mukutsaliratu,,, kusonyezeratu kuti iwe ku sukulu sunapiteko,,,, nanga Biology ukudziwa? BENGO•••> Ayi bwana sindikuyidziwa! PROFESSOR•••> mukhalira yomweyi yopalasa ma bwatoyi basi! Boat yija yitayenda pang’ono,,, mafunde anayamba kubwera amphamvu ndipo madzi anayamba kulowa mu Boat muja…….. BENGO•••>kodi bwana dumphiology mumayidziwa? PROFESSOR•••> Ayi! BENGO•••>nanga sambiology? PROFESSOR•••> Ayinso! BENGO•••>kutereku inu mumangodziwa a Biology ndi a Zoology basi!,,,, chifukwa choti muli ndi mwanoology!,,, komanso dumphiology ndi sambiology simuyidziwa…. nde kuti inu muwona milaology tsopano….ine kwanga ndi kikikikikiology uku ndikupanga sambiology!

  112. ayenseko kuika nkhope ya muthu oti ali moyo.. mwina ndalamayi idzalimba tikakhala nayo… mukapanga zimenezi kwacha yathu idzalimba lol

  114. whether it z 2pin or 5pin to me z noting,we r just westing our time commenting on this,malawi belongs to the prezdent and his cabnet members,who are u and me?May God bless him

  117. Wosafunayo Achoke Apite Ku U K .Goverment Is Completely Fail By Introducing A K2000 Note Is Asign Of Failing To Control Finance

  118. Mbuzi inu mukudziwa chani za economy? Zambia currency note yawo inafika pa Zk100,000 Bank note, Tanzania S10,000, Zimbabwe Z$1,000,000 inu ndiye mukuti chani?

  119. Iwill reflect on Mr. C, Kapichi& G,G, Phiri what people they blame Mr. president &his cabinet, is how he’s running this government, let me give you some example you guys. You can marry your wife &have some children in your family, ndekuti mwatenga udindo woyang’anila banja lanu muwauza kuti tiyeni tizilima Ana kumalima kumangwira zincito pakhomo akuyang’ana kwabambo awo kuti atitengera kuti. Koma ngati mukakolola inuyo ngati mutu wa banja palibe cimene mukuathandiza muganiza kuti banja lanu lingalimbikile kugwila ncito??? Pamapeto ake muzabwerera mmbuyo ndikuyamba kuvutika. Zonsezi ncifukwa cosathandiza banjalanu chikhalireco inu mulipo ngati bambo!! Sono ndicimozimozi president, If he doesn’t have a visions of developing his country who’ll gonna come and start to organize all the infrastructures to visualize some good ideas for how we can start a new modern Malawi. Ithink is a reader so that’s why we said he has failed completely%

  123. That is the problem to have old reader , if we could have young reader this problem it could be easy to sout out! So as we are malawian let us make demostrations to stop it . And let us try to vote reader who is still young the one his brain is still flesh although MEC also they are too much doing corruption ! Now malawi is jst history and once malawi allow that 2000 the allow to devalue more our money ! Show that peter he went out site to planng those bad things if he tire it’s better he must risighne this position

  126. Prices are olredy up ze priñting is a clear sign thàt our currency has and is stil losiñg vàlue.Congrants to Peter and his govermènt

  129. That’s stupidity,do they want kwacha to drop freaquently.the reserve bank is one of the major influence on kwacha’s drop down.stupid!

  134. Dziko la MW olo litapanga five thousand tilandila ndizotheka chifukwa ndalama ndizambiri km zopanda pake just imagine kukhala ndi mk25pn ku SA ndi r500 koma chogulira pa mk25pn mu shoprite osakwana ndimajumbo awiri omwe km ndalama kumakulemera nthumba ngati uli ndi kanthu tayilandila basi olo mk5pn itafika next wk tiyilandilanso km tiziziwa.kt we ar in last days.

  136. Read, like, share and support the campaign, follow the link below.

    Help_A_Brother_Out_Campaign.

    Part Two
    THE ROOT CAUSE WHY PEOPLE DON’T HELP ONE ANOTHER, & ARE CORRUPT.

    Helping one another is a primary goal of each culture/community/ group/coat/co-operatvies/schools as well as the society and corruption is getting or providing a service or a product to a person/a company or rather a firm/ an institution that deserves or not deserves it in an abnormal procedure or way of actually getting it. And there are so many reasons why people don’t help & corrupt of which are

    Because of the end product of corruption, because some one was corrupt and employed an unqualified or incompetent person, who don’t know what they are suppose to do with the service or product (work position/school/contract etc) they have gotten corruptly.
    Such people have no sense of service when working in public or private institutions for instance those who use politics/positions for their selfish intereste , instead of saving the people who voted for them, their busy In riching themselves growing there berries like pregnant women. And those in position forgetting to save the people who are main the resone why there are in those positions.

    Low pay salary/wages most of the employees in government sector and private sector are paid low wages and salaries , there some employees revert to corruption for more financial benefits, we therefore ask the people responsible of salary and wage increaments in both private and government to help our brothers and sisters out there who are working for them by increasing their wages and salaries to help them avoid corrupt practices
    Corruption is the enemy of development and of good governance. It must be got rid of. Both the government and the people at large must come together to achieve quality national goal.
    Corruption is one of the world’s largest threat to the well-being of a society. It degrades the quality of the public/private services and also

  140. Munaphumzira mwaugalu zitsilu zawathu mboro zanu anyani mwatha tchito inu zoona mukukaika 2000 mmalo motsitsa 1000 ndikuika 200 kuchuluka mzuru eti mapwala anu maphwanga malitenga dzikori ngati lanu lokha eti tionana zitsilu zawanthu.

  144. We can fight against this by working hard to maximize products for the international market not pushing the blame on one another. This is just a reflection that we have all failed to develop economically. We have the resources but most of us have empty heads. Let us work hard, other wise I see a k100,000.00 bank note coming on our way. Lazy people! Gud only in making children who we even fail to take care of and wait for gov’t to do anything for them including food. Rubbish thinking and sitingazafike popanga jet if we wait for gov’t to provide food clothing and free anything

  145. materil scarcity doesnt tally with the introduction of new note anyhow. if its material shortage could they introduce another note and does it mean dat no more the rest notes we have bn having? bt it signfies the pride and selfish leadership. on other hand its long Presdents stay in US where he had to link wel with authorities on our money devaluation

  146. Is only stupid country that the can do this things before the do things get some mind for another people.and the person who go to school the can’t sit down and to discuss this to say we need to make (2000)check Zimbabwe first time that the do.kkkkkkkk or ur country we to use dollar like Zimbabwe.and u can calling professor i rean to America.fake America and fake that man who say president.

  149. People here are busy displaying their ignorance. Some reporters like this one need lessons on finance to present financial matters logically.

  152. Multiparty aja mumkafuna ndiamewo..I was not mindful that the one who foght for multiparty system was wrong. I have been saluting sir chihana for brought multiparty system as hero,but after UDF,PP And DPP ruined the country its now I knw that multiparty system is is source of calamities in the nation.

  157. Our Views Matters Nothing To This Government Of DPP, So What Should We Do? Let Them To Run This Government The Way They Wish. We Called Poor Bt Now We R Poorest People. Imagine Sugar Z Cming At The Price Of K1000 4m K800, What About The Transport 4m Lilongwe To Zomba, Blantyre, Mzuzu, Chitipa? Let Us Agree Their Dicisions.

  161. Nchifukwa chani mayiko omwe ndi okwela kwambiri alibe olo 200 kapena 500 America malile ndi 100 south Africa 200 inu izi mukuzitenga kuti? Izi zingofunika kupemphera mwamphamvu kuti Mulungu atipatse atsogoleri oyenela patokha sitikwanisa,izi zifanana ndi zibwabwe masiku ammbuyomu pamene Mugabe anangogwilizana ndi China ndalama zoyenela kukhala za dziko mkumangoika ku ma account ake mkusaukisa dziko lonse

  163. Economics aside, politicians in Malawi prefer a new introduction in their term of office. It should have been another innovation, so to speak, as now our Kwacha will be slinging closer to the archaic and now forgotten and ancient Zim $.

  166. Mukufuna kuisiriza ndalamayathu zoona koma amalawi mungovomeleza zilizonse ndichani amalawi kugona tulo.ziko monga mulibe aoposion zoona Presdent wanuyo akufuna akaisiriza ndalamayo athawile kwawo ku America.

  167. How much is k2,000 in Rands or us$? america have got $100 note, while South Africa got R200 note,…. compare before you open your mouth wider,,, to me even 10,000 note it’s ok….!

  171. Ziri bo koma inu inuyo simukuziwa kuti Malawi amadalira ulimi muzaka ziwirizi zupitazi Malawi imagula chirichonse ngakhale ndi chimanga chomwe chimene timalima tokha ndiye muganiza kuti ndalama yathu ingakhale ndimphavu?ingopempherani kuti mvula igwe bwino kuti tikolore mokwana

  176. Our lives are on stake, few years ago we use to boast, and take Zimbabwe as our laughing stocks, but now it is a vice versa, Zimbabwe will turn Malawi as its laughing stock. We even pronounced Tanzanian Shilling as Zude, we even didn’t knew the real meaning of Zude that it means coin in swahili but to us meant useless money. Now our Malawian money is qualifying to be Zude in few years to come……. We have messed up our economy deliberately, government is failing to revamp all other vital parastals that would give back strength to our deterioratimg economy. We have invested a lot to our brains and as of now Malawi has creme de la creme youthful brains that if properly utilised in agriculture, science, commerce and others, Malawi will never be in shambles again. We mist be careful next time when electing our next leaders, its better to put in power a president whose main qualification is MSCE or a first degree holder or if all fails a farmer. We have tried professors and Doctors but ending results are disastrous and no one from our villages benefit the reasons why they vote for our leaders.

    3. Edward chisi we dont have that note in zambia,,this is what we have in note form,,,k2,k5,k10,k20,k50 and the last one is k100. Thats all we have in zambia.reporting from lusaka zambia ( chainama area) great east road.

  186. END DAYS, ONLY POOR PEIPLE WILL SEE HEAVEN couse olemera akokera chuma chonse kukhara chawo am sory for them couse they dont know wat theyre doing. its my prayer to be one of the people to rejoyce in my fathers precence and win the internal LIFE. Me nah jagde but stand for the trueth,…………………

    1. who told you kulemela ndi tchimo.go back to school,work hard maybe you will enjoy this life.stop banking on heaven

    2. Mchifukwa chake a christu tili pa umphawi wa dzaoneni. Silver ndi gold ndi zake ndiye mulungu afunamso bwanji kuti tikhale osauka.

  187. END DAYS, ONLY POOR PEIPLE WILL SEE HEAVEN couse olemera akokera chuma chonse kukhara chawo am sory for them couse they dont know wat theyre doing. its my prayer to be one of the people to rejoyce in my fathers precence and win the internal LIFE. Me nah jagde but stand for the trueth,…………………

  190. Nkhani imeneyi ndiyodandaulitsa makamaka kwa anthu amene akudziwa za m,mene economy imayendera, winawe sungawone vuto coz you dnt know zachuma, ndiye utseke kukamwako, coz you know nothing ,

  192. K2000 ikomela anthu ochita bwino tsoka ife tili osauka dziwani izi amalawife timafuna katundu mutsitse mtengo komaso chimanga ndi mankhwala komaso magetsi zidzipezeka pafupi pafupi tikupempha sitikulamulira

  194. Tanzania has 10,000 note but they are richer than us so why angry? Malawi kwacha to Tanzania shilling is 1:3 meaning our kwacha is powerful to shilling. so if we take simple arithmetic of our highest notes of 2000:10000 therefore we have a 1:5 ratio. So why are we complaining? High notes reduce damage of circulating money at the market. E.g in south Africa there is 5 Rand coin which is equivalent to K250 but we have K200 and K50 notes. Mozambiue has 1000 note which is equivalent to K12,000 meaning a ratio of 2000:12000 or 1:6! RSA has 200 (K10000) as highest note hence still maintaining higher note. What is special with Malawi kwacha to remain at 1000 note? Wake up malawians!

    7. Chimwemwe kapichi, So between me and Zikani Gondwe whom are you supporting? You and me are telling same story while zikan gondwe is telling an opposite story. indeed kwacha is powerful and read my comment on kwacha and shilling I said kwacha is powerful to shilling but gondwe says no but shilling is powerful. inuso muli ndi umbuli omwewu osawelenga bwinowu?

    11. When you have small notes you waste a lot of money buying new notes because there are more damages on the notes since they are easy to be found and being handled. for your example between K20 note and K1000 note which one of these is more dirtier (or torn)? K20 is dirty coz it is heavily handled since it is easier to find!

    15. Fass. it is high time now for you and me not to be cheated. Money has many dimensions to be defined. A note doesn’t mean you are poor or rich. Buying power is very important as compared to physical notes. Ndalama amachita kugulatu mmaziwa?

    18. The way malawi is u cant compare wth other country like SA we r far to do so me as a concerned citizen iam saying let’s refuse this shit

    21. Go to hello buddy iknow you jst try to cool the temper of pple becoz of your political agenda…shame jst be realistic this country is sinking.Tell you what it was started like in zimbababwe.

    25. that is ur supporting kubwera kwa 2000?? Akutumani achambuyanu kumpandoko kuti mutiuze chonchi?? zikuoneka kuti mutu wako udachita chifwilibwiti sure ndi nkhani yopanga support iyi?? Sizingakuwawe coz mukudyera limodzi kumeneko

    27. so you think even if malawi can have a 2 grand note its economy is goin to match the countries u mentioned? I tnk it has to be you who shud wake up things are going astray and their u are busy clapin hands eishhh

    28. Nyirenda, money and economy are very different things. Your question exposes your ignorance on this subject. Kodi mesa mumanena ndinu nomwe kuti malawi ndiyosauka? So why denying a cheaper monetary policy (discipline) leaving this old expensive ones? it could even be better if RBM introduced K5000 note to save a lot of money for development. koma sungavesese ndayankhulazi

    32. Julius I like your comment. Anthu akuona ngati kukhala ndi bank note yaying’ono ndiye kulemela kwa dziko. Mongokamba machidule K1million today is made up of 1000 banknotes (K1000s). Same K1million is made up of 100 notes of 200 Rand meaning the highest bank note is 200 but with 3 digits. so it is mocking ourselves to think 2000 bank note is higher pamene azathu Ali pa 10000 kale.

    33. Gilbert just stop it u know nothing…..like really comparing Tanzania as a best to u really?…..the problem ur comparing urself to the trash country…. madagascar my foot…..do u know in madagscar soon they will be using euro together with Seychelles? or plz follow the world economy plz

    34. julius are u saying TZ is richer? oh shame go on world list u will feel sorry about TZ as im feeling sorry about malawi…….ur not even in top 20 so u call it richer?

    35. Higher denominations make corruption easier. Most transactions of corruption take place in cash to avoid getting scrutiny. Currently, for bigger sums, they need to carry truck loads of cash which is difficult to carry. Introducing higher denomination currency would make it easier for these people.

    36. Mr phiri r u Malawian or u like them? Ppl like u r those who putting Malawi on fire pofuna kulanditsa nyanja. That’s not the way of saving economic of the country is making it mock to the world. Once apon a time Malawi kwacha was 1:1 with SA take our country as ur home. Let’s save it

    37. Kennedy Prince Nhlane, Which school did you this injustice? Do you know superlatives? imagine Economy rankings are: Malawi 146th, Tanzania 91St and Madagascar 130th then who is “RICHER” among these as compared to malawi? Your argument on bigger notes related to corruption just shows your illiteracy. Your argument is just based on your thoughts. Britain is very rich and its currency is the number 1 in the world but they have higher banknotes up to £1Million and £1Billion (pounds on a single banknote). Nde ngati pound ndalama imozi ikukhala 1 billion kulibwanji kwacha kukhala 2000 kwacha? umbuli basi.

    38. Blessings Jcm, sukuziwa chomwe ukunena. We are not talking of exchange rates but banknotes. For simplicity let’s consider higher notes (used on market and banks) of USA (dollar), UK (pound), Mozambiue (metical), RSA (Rand) and Malawi (kwacha). Let’s convert them to one unit (kwacha in this case). $100 (K75,000), £100 (K89,712.7), M1,000 (K12,000), R200 (K10,000) and MK2000. if you compare the kwachas in the brackets you will see that UK has the highest bank note but is richest as compared to us. So ndiumbuli kuwona ngati 2000 imozi ndiyolakwika. Mwina mwavano.

    40. The UK’s membership of the bloc has, in truth, both created and diverted trade. Most economists accept the evidence that trade creation has far exceeded trade diversion and brought increased competition, innovation and specialisation in its wake. But economics cannot predict what will happen if Britain leaves the EU. Economists are generally wary of transitions, fearing that heightened uncertainty over Britain’s relationships with other countries will damage confidence and investment, at least for a few years if Britain were to leave the EU. They are also more likely than many politicians to play down the importance of sovereignty, maintaining there will be a trade-off between sovereignty and the best decision-making authority……..so please stop comparing ourselves to UK or Europe…why are u defending having higher bank notes? u want us to be like Zambia in those old days? if u don’t care about corruption of government and money laundering….what’s ur suggestion? bcoz these 2 things are hint to lower development of the country…….75% of countries who are poor its bcoz of corruption that’s why my point is based on that

    41. Kennedy Nhlane, We are talking of the banknotes here please which school did you go? What you are talking is trash! UK had been vibrant since 1300 BC before joining EU. EU benefits a lot from a pound don’t school me in this as it is my area of specialty. Zambian higher note today is 100 banknote equivalent to MK1380 which is already above our 1000 banknote. I used UK for you to see that even richest nations have higher notes than us

    42. im talking about consequences of high bank notes in such poor like this……and we cant school each other indeed bcoz we tacked in different angles… u defending it and cant defend it bcoz i dont see any goodness of having higher currency…… all im seeing are bullshit out comes….one way or another can’t support it

    43. kkkkkkkkkk higher currency or higher banknote? UK ili ndi 1billion banknote yomwe ndi 897billion kwacha ndalama imozi inu mukanene ka 2000 kwacha? hahahahaha zochitisa manyazi

    44. so ur sitting their dreaming of supporting the government to introduce banknote of sum of 1 billion mk……..koma malume ndinu omvetsa chisoni……ayiii poti anthufe umbuli suthela2 no wonder even a rat nthawi zina amathawa munyumba and sleep outside

    45. Kenedy, It depends on your (national) business transactions. UK transactions are a multiple of trillions kwachas while malawi has billion of kwachas so we can’t have 1 billion kwacha banknote instead we need a Million banknote.

    47. A very big sense in your comment Mr Gilbert. but this doesn’t hide the truth that things are not going right direction with our kwacha. Big one note matters to the death point. Don’t just look at which one is powerful but look how you gonna cross kwacha to rand in deep buying things abroad thoughts. look how useful our coins will be even that K10. look how K100 000 gonna look in your hand. Though the value of money is in its buying but the worthy of money is in counting. Apa Tisanamizanepo guys zinthu sizikuyenda ndinthu..

    48. You are correct Treck Manico. Our money denominations are divided into smallest values. Do you know coins or Mozambiue, south Africa, zambia, UK or USA are still in use? why! it is because their values are sensible buying powers. For example a 10 Rand coin is the same as K500 which means we need to make K500 note to a coin so it matches with R10 pamene ife coin inathera pa K10 pomwe si value konse ayi. 10 meticais coin is K120 in value pamene malawi kwacha has 100 and 20 as notes lol!

  197. Anowa ndimasiku omaliza chilichonse chingabwere pali be otsutsa, makamaka kwamene mudziwa bwino zamalemba mutha kuvomereza. Ndiye apa pali be zonyonza a RBM kapena president poti nthawi yakwana yokha.Tiyeni tizingowona chisogolo!

  198. IHope our fucken first citizen his head is not working. He take malawians for granted. Malawians must vote wise this 2019 to avoid fucken noses, why fucken president is busy fucken around in our fucken poor country?

  199. Nthawi zina ukachuluka mzelu mapeto ake umakhala mbuli k 2000 sinabwele mumthawi yabwino ngati munthu wakumudzi akulephela kupeza k1000 ndiyeno zikhala bwanji pena pake muzitiganizila anthu akumudzife

  200. Malawi the warm heart of Africa now is like in ahell, kaya konko enafe tinasiya ndare. Inuyo oyendesa zisanko please siyani kuononga ziko lanu cifukwa cohongedwa ziphuphu (kukonda ndalama kwanu ndiizi sopano) kukonda kulandira ndalama ncolinga kuti zikomere olamula, taonani phindu lake sopano, Ameneyo Peter zamkanikilathu kuposa president wina aliyense amene anamsogolera, zikuonetserathu kuti akazaluza sazakhalanso mmalawi azabwereranso kumene anali, cifukwa sanabwerere kutukula dziko koma kuzapeza kulemera that’s why mukumuona nokha kuti palibe cimene akucita.

  201. we in Democratic country pple we can fight to reject this k2000 bank note…..we have power on our hands match to reserve bank or lets burn the the bank to express the anger

    2. umbuli chabe muziyenda muziziwako ndalama zamayiko ena with your notes. eg Mozambiue Metical has notes as M20 (K240), M50 (K600), M100 (K1200), M500 (K6000), M1000 (K12,000). Rand has notes as R10 (K500), R20 (K1000), R50 (K2500), R100 (K5000) and R200 (K10,000). Do you see some logic from this example? it means at K2000 note we are still very far from other notes.

    3. Aaaaaa #Gilbert kkkkkkkkk wasokoneza kwambiri imeneyo ndi rate man mwapamgayo.Ndimmene wapangilamo ndiye kutinso kwacha ili bwino kusiyana ndi US dollar sichoncho????.kkkkkkkkkk ganizanso bwinobwino.
      Ndalama yathu apa yathapo kwambiri.

    4. Gilbert ndakunyadira hvy uli ndi mfundo zabwino kobasi ndimakhala ndikuona nthaw zonse ma comment ako amakhala omveka bwino ndthu i lyke it?

    5. Alick Kazembe, Am giving you buying powers (values) of bank notes for clarity not exchange rates. I mean 2000 value is very small note as compared to other notes

    9. Ken, ndalama amachita kugulatu. If you have small notes it means more cost is incurred. And you cannot get me because am arguing to someone who isn’t understanding the logic

    14. Enwood Mlotha, Anthu akuona ngati kukhala ndi bank note yaying’ono ndiye kulemela kwa dziko. Mongokamba machidule K1million today is made up of 1000 banknotes (K1000s). Same K1million is made up of 100 notes of 200 Rand meaning the highest bank note is 200 but with 3 digits. so it is mocking ourselves to think 2000 bank note is higher pamene azathu Ali pa 10000 kale.

    16. Gilbert im not agree not even an inch…when government is having high currency expect everything too high that’s why u see zim got no currency and Zambia has reduced its zeros…. they are not mad their currency where fucked up….so i don’t get any sense in ur ideas

    17. having small currency do u know what it means? or ur just saying it out of box bcoz u never follows world finance economy.the more the high currency and be ready for high taxation …..even pple will have to pay lots of money at the boarders which reads to high prices when I will be selling my things too so bro plz wake up and smell the coffee

    18. Higher denominations make corruption easier. Most transactions of corruption take place in cash to avoid getting scrutiny. Currently, for bigger sums, they need to carry truck loads of cash which is difficult to carry. Introducing higher denomination currency would make it easier for these people.

    19. guys this papers has no value I have the video here that shows a real value paper drop your whatsapp # then I will send it to you!

    22. koma did u really look the consequences about all this? i don’t get ur understandings here….do u know how India is struggling now over higher currency? so u wanna face the same probs?……even euro its on €500 higher but they complain now and then…. the ECB is assessing the
      fate of the €500 euro banknote, as concerns
      about its use in money laundering and crime
      grow and its usefulness for large payments
      comes into question” adding that “competent
      authorities increasingly suspect that they are
      being used for illegal purposes, an argument
      that we can no longer ignore.” (like all other
      ECB matters, there appears to be infighting on
      this issue too, and subsequently another ECB
      member Yves Mersch stated that the he would
      like to see “proof that high-denomination
      notes are used by criminals”).
      So what, big deal, eliminate it. The people will
      still have 5, 10, 20, 50, 100 and 200 euro bills
      right……so if Europeans countries cries over higher currency who are we?

    23. i didn’t expect u can be this Darrow ……bcoz im not speaking all this out of politics but in half as a concerned Malawian citizen i see u don’t care about suffering of pple…..i know what u defending

    26. wa school amadziwika iwe…..ameneyu ngwa school? nako ku Mozambique kuli school?……..stop arguing with riffraff u wont benefit anything….. munthu azikachemelera 1billion banknote to the poor country like this

    28. kkkkkkkkk kaya2……mesa kale its something like to 10000 now they have moved zeros on their bank notes…. nanga munthu kogula bread mpaka expand currying money?

  208. Titauzidwa kuigwetsa mphamvu kwacha ena anakana atabwera ena sananachedwe anaitsitsa 49.9% mapeto ake ndi omwewa dikirani K5,000 ovutika siwandale ndife omwe pano mukudabwa I miss Bingu.

  209. Dzikoli angogawana Lungu ndi Magufuli. A peter mwalephera tangofani muwolenso nsanga muzinunkha.zachamba mwabweresazi.

  211. amene simukuyifuna K2,000 imeneyi mukayipeza muzizandipatsa ine mwamva?..sizomangoyika timfundo tanu ta uyalo ta 14kb mmalo momatsitsa mfundo zenizeni…mxieew

  212. This is stupid decision indeed……now w r expecting to have K50…K100 coin no doubt why this satani motherfucker gov’t anything bad it happen…….#hashtag_ndinamva_kanyamakaz_pang’ono

  216. which one is ungly? Olo akanapanga 10000 imodzi panalibe chovuta.amalawi timafela unyinji ati mthumba muzilemela zaukape basi azungu ama user 100 dollarz yomwe ndi pafupi fupi 80 thousand kuno bwanji sadandaula? Shiiiiiiiit

    2. Kkkkk thats too fanny of you. Thats the value of money and not amount on the face of it.100rand is 100 Rand basi kwinako mukafanizira it means u r weighing its value to our currency

  220. Apa zafikapa zinthu zaonongeka kale atsogoleri anthu omwe lero akutipa basi and tifikaso ngati zomwe zinachitika ku Zimbabwe zija

  223. Basi tilingati mphutsi mkati mwa manyi panopa dzikoli la fika ponunkha ngati bibi we are adapted to this environment let’s the problem is all of us Malawi citizens we are just waiting Kamulepo Kaluwa, Mtambo, Kachaje, Chinsinga, Kanyongolo and name it kuti atilankhulire yet we can all unite and rise
    But hope nthawi yina idzafika

    3. umbuli chabe muziyenda muziziwako ndalama zamayiko ena with your notes. eg Mozambiue Metical has notes as M20 (K240), M50 (K600), M100 (K1200), M500 (K6000), M1000 (K12,000). Rand has notes as R10 (K500), R20 (K1000), R50 (K2500), R100 (K5000) and R200 (K10,000). Do you see some logic from this example? it means at K2000 note we are still very far from other notes.

    4. I don’t knw who is mbuli here, coz all of those currencies u comparing to are stronger that kwa cha. What our currency has lost over the years is the buying power,it is valueless on the market, whilst other currencies have strong buying power

    5. so it means we needed to have a higher digit note Jameson! If we have lower currency then 2000 is best note dude! kwacha is powerful to shilling but shilling has a 10,000 note do you see?

    8. Read open your eyes, no matter how we cry, we change our leaders since the 19th century things will be going from bad to worse and even to woes, remember what the bible say about signs of Christ second advent, whatelse do you want to be assured? As these are just a peanut of more woes to come the world has ever experienced. Take note of that they irreversible

    13. So?
      Coz i have heard Zimbabwe once bought a loaf of bread at 58000zim dollar.
      We understood this as the Zimbabwe going poor.
      Whats your say on this?
      Are we ok economic wise?

    14. Shumba, do you use shilling? I have exchanged today at MK1 = TS3.05 so which one is powerful? are you just commenting to make people happy as opposition of malawi? check: currency.me.uk/currency-rates.html

    15. Thats true PHIRI.nimankhala ku zambia kwamene kuchipata ku khonda but my orignal land is mw.do’nt compare zk with mk calculet k100 zk by the ret of 12.2 it cost k8196 mk .so luk?aaa imwe ndrama yamalawi iliye value na pepa yachabe chabe or katundu izadula maningi

    16. Fred, I like your questions. When a nation is poor it means their resources are not enough and find ways of saving the little they have. Hence buying higher notes means you are saving costs. So if we buy 2000 notes instead of 1000 notes we will save the money (cost for production). Ndalama imayenela izisowa according to its buying power. For example in south Africa 200 Rand is very scarce as compared to 10 Rand due to their buying power. Anzathu mayiko ena alibe ndalama za pepala zofanana mphavu ndi K20, K50 or K100 koma ife tillinazobe.

    17. Gilbert if ur a gardener just close us ass coz it seems sikuuziwa chomwe uyankhula, SA Ndalama yomaliza ya paper ndi R200,Nde ngati Malawi ivomeleze K2000 chikuoneselatu kutha kwa mphamvu kwa ndalama kumeneko USA $100 ,Mozambique wanena wekha M100 kwanuko K600 nde pali chanzeru apo?, fusa azaako aku ku Zim dats where ur brorher Peter is driving my beautiful Malawi.I remember last ninaponda nthaka ya Malawi ndalama yaikulu inali K500,anapanga K1000 pano akuti K2000 just wait mukazama voter 2019 kungowina u will have K10000 note guys yet SA R200 nde yomaliza komaso pena kulowa nayo muma shop a amwenye amaikana coz sinazoloweleke.

    18. Audrey Juma Banda ndiwe mbuli. sitikunena za ntchito yomwe ndimagwira coz you may be in a good job. am in malawi and I don’t think ungayankhule mofanana ndiine yemwe ndikugwirisa ntchito malawi kwacha pamen iwe ukugwilisa Rand. Ukuona ngati kukhala ndi bank note yaying’ono ndiye kulemela kwa dziko? Mongokamba mwachidule K1million today is made up of 1000 banknotes (K1000s). Same K1million is made up of 100 notes of 200 Rand meaning the highest bank note is 200 but with 3 digits. so it is mocking ourselves to think 2000 bank note is higher pamene azathu olemerw as RSA Ali pa K10000 kale. As your comment is speaking, kodi 200 Rand value yake ndi K2000? Wangoonesaso kusaphunzira kwako dude.

    19. Gilbert,kukhala ndi pepala (ndalama) limodzi lalikulu zikutathauza kuti ndalama yagwa mphamvu tiye tipite ku Zambia ndalama yawo anapanga ZK50,000.00 note chifukwa ndalama yawo inalibe mphamvu koma ya Malawi panthawiyo inali yamphamvu koma last note inali MK200.00 koma pano ya Zambia last note yawo ndi ZK100 yemwe ili ndi mphamvu ikupikisana ndi 2-1 ratio tipite ku Zimbambwe last note yawo ndi ZD 100,000.00 koma ilibe mphamvu zimene apanga a Reserve Bank sanaganizile anthu

    21. Mphatso sindili ku south Africa. am in lilongwe area 25. I moved to south Africa for education not jobs. I do business in RSA, malawi, Tanzania and mozambique. check well am a director not what you are saying. Just concentrate on the subject not my personal life coz ukhoza kukhumudwa ma level ako ndi anga. I comment to tell people the knowledge.

    22. Eric, British pound ili ndi 1 billion ya pepala imozi ndekuti chuma chatha? we compare buying powers of the currencies first. Let’s convert the higher notes of some currencies to one unit say kwacha. US$100 (K75,000), UK£100 (K89,712.7), ZAR200 (K10,000), Moz. Met1000 (K12,000) and Malawi 2000 if you check in brackets the British pound has a highest banknote but they are richest than us. It means we even need to have a 10,000 note to match our current economy. The 100 zambian kwacha is equivalent to MK 1,380 which is already above our higher note of 1000 but we still want it while ZMK is powerful than MWK! Hahaahahah zosekesa.

    23. 2000 kwacha?????this is fuck!!crazy ass mother fool dudes!!!!
      I can’t support this shit!! Yeah for real, what for??? Hell no motherfuckers.

    24. Mphaso ukati kulemphera ukuthandauza chani panga Edit ma profile a anthu kaye , kupita kunja ndikufuna aise wapanga teaching nde u think ukatuluka ukapeza VEP? Kkkkk sorry bro.

  229. Ku Zimbabwe zinayamba Choncho,Dziko lakukanikani tiwonana mu 2019

  231. Nthawi ya kamuzu note inathela pa K100 koma mpaka lero tikumutchulabe oyipa ,timkati zinthu zisinthe koma abale kusintha kwake ndikumeneku,mulibe chisoni nda amphawi inu!koposa mulungu akulangeni masiku anu asanakwane chifikwa muonanga mtundu wamalawi osalakwa Mxm!

  242. We have dustbins of reporters in malawi,just need many comments.i hope we shud b in the past malawi where we had K1 as a high note that will go well with opposition politicians and biased social media.

    1. and sewer fly mentallity of people who can fly over any stinking object for lack of knowledge of the scribes duty in a democracy and thinks negatively on news that is perceived as being ochastrated by opposition parties.

    3. i hope we shud have only a thousand money as a high note,till the end of time we will see no rising of goods,and lest dont know the circumstances that led to introduce another note after tym.

    4. Kkk i wonder # mr mdachi and your supporters: how come u feel supportive with such a decision…dont u see the negative effects it will cause among the citizen of malawi?. Imargin that k2000 introduced is egual to R40 ya Rsa and u say zilibwino. Osamangokomedwa ndi anthu ochepa omwe mukuwakondawo kaya muboma kapena andale omwe ali kutsogolo kwanu. Apapa zinthu zifika povuta kwambiri, what i would suggest akanapeza njira zabwino abomawo zokhazikitsira economy yathu osati kupanga 2000 note. Look at zambia pano zambia akupikisana ndi south Africa ndalama yawo mphamvu koma ku malawi it means ndife mbuli zokhazokha. Its like uproffessor timangolandira just for theory but paractical poor! Sorry to my mother malawi

    5. Zambia And Mozambique Removed One Zero So Every 1pin is equal to hundred,beta say south africa,who shud fix the economy?the economy is already poor that has made the RBM to introduce that note.malawi is a poor land with sloppy minds coz we are peaceful.mr#Chipeta.

    6. Malawi Isnt Southafrica Or Mozambique,how Can we improve the economy yet all proffessional workers are in politics for easy money,villagers yr in and out waiting 4 handouts.and politicians begging 4 the poor to fattens their pockets,african leaders thieving their own govt and invest in foreign countries,what a sick nation.

  245. Apa nde ndi Zimbabwe basi kodi ndindani azabwere ndikulongosola dzikoli? Kodi tinene kuti poti dzikoli lirikumapeto anthu asiya kuganizi mwa u munthu?

    1. Mm bwanji kuno Ku Jon yathera 200 coin iliyonse ikugwira tchito kugulanso chithu chooneka ndi coin tiziti kuno sakuzindikura kuti dziko lili kumapeto

    1. Nothing to express your anger about here.Scribes are duty bound to scrible feelings of the of the citizenry on any development.Take it or leave it,

    5. politics means the art and science of government …if this has happen someone is lackng science and art of govnmt hence yu cant overule out politics take note

    6. Whether someone lacks the art or not, what have u done as a citizen to get the country into shape? We rely on Donors.. This Kwacha has been collapsing since long ago. Get a grip & u too take note

    9. Ndakumvesani Bambo, U R The 1 Who Benefited With This Ruling Governmen. Do U That RBM Can Do That Without Consulting President? They Cant Do That Without President Known. Mukudya Nawo Bwino, Mulipo Kamulutu Anthunu.

    10. Let’s critically understand how the k2000 bank note has come to play. It’s a reflection of the economic situation of this country which is affected by many factors, more importantly, the ability of the citizenry to produce goods for export. It’s not the issue of a single person (president) to lift the economy. It’s about all of us. The question that what have u done to your country to lift the economy is an important one to respond. The day u will realise kuti the citizenry are the ones who develop a country, that will be the birth of a prosperous and economic sound Malawi. We all have a role to play not just wait for a few people in the government to work for us and provide subsidies

    11. Siwombo! never stop learning, i am not an economist neither i know anybody in the OPC cycle. its just that i understand why this banknote has been issued, even if thry say they are printing a Mk5000 note next year, Malawi deserves that. we as citizens we are doing nothing to develop this sick nation. too good at smuggling goods

    13. umbuli chabe muziyenda muziziwako ndalama zamayiko ena with your notes. eg Mozambiue Metical has notes as M20 (K240), M50 (K600), M100 (K1200), M500 (K6000), M1000 (K12,000). Rand has notes as R10 (K500), R20 (K1000), R50 (K2500), R100 (K5000) and R200 (K10,000). Do you see some logic from this example? it means at K2000 note we are still very far from other notes. I have put buying power equivalences to make sense of the notes. Higher notes save production and maintenance cost of the circulating notes. eg when we have small value note we mean a lot of money to purchase and maintain the damaged ones. u see more K20s damaged than K1000s because K20 is simple to find and is heavily handled. move around just sadc region there is no note equivalent to MK100 note but is a coin (while malawi has 20, 50, 100 notes)

    14. Mukufuna anthu atani kuti mudziwe kuti they are contributing to their economy apart from paying tax ? salary yochepa akudule nsonkho pokagula chinthu adulenso wina what do you want then?

    15. If there is tension then its a valid one, the change to a higher denomination is open admission that the economy is nose-diving, such actions are temporary remedies whch have long-term economic consequencies like the one whch happened in Zim. Malawi is getting to levels where its export base is dangerously shrinking and sooner, evn basic foodstuff wil be imported. We are in a mess whch we cant afford to ignore anymore if we love our nation. Any bonafide citizen knows that our president, APM, has completely run out of ideas on hw to reverse ths ugly econmic trend whch is partly exacerbated by him thru his insatiable appetite for theft and corruption.

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