Malawians differ on MK5000 note

Nov 07, 2017 Business 280
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Malawi kwacha

The Democratic Progressive Party (DPP) led government’s plan to to introduce a MK5000 Malawians has elicited mixed reactions from Malawians.

Malawi24 caught up with Malawians in Malawi’s capital, Lilongwe and some them said that the idea to introduce the MK5000 note is a sign that Malawi’s economy is not growing while others hailed the move.

Malawi kwacha

Prisca Mankhwanda told Malawi24 that government should be serious before it comes to the final conclusion of the move since it will tell the world that our currency is of no value.

“MK5000 note? I think this idea is not good since this means that our economy is not that good,” Mankhwanda told Malawi24.

But another Lilongwe resident Brian Chirombo seconded the move saying it will help Malawians to contain its economy.

The idea is coming barely a year after Malawi introduced a K2,000 bank note.
Finance Ministry Goodall Gondwe confirmed the plans on Monday.

“It costs eight million dollar (about K5.8 Billion) for ordering new bank notes and it is a lie that when we come up with this new bank note then we will have prices of goods on the market increasing,” Finance Minister Goodall Gondwe is being quoted as saying.

Gondwe said Malawi remains the sole nation in the SADC region with the least bank note.

Government had said the K2000 note came about because the current highest note of K1000 had lost value.

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280 Comments

  3. We need fresh blood u r old enough , u can’t manage to runs financial , n u can’t tell Malawian’s sh**t with ur old things we take us as kids

  4. Iye pitalaa ali ndi green card ya U.S. za Malawi alibe nazo tchito

  7. ngati mwatopa kulamulira dzikolo patsani ena apitilize, musachoke mutaligumula , no one is happy with that stupid K5000, what is that?

  9. So #Goodall, r u trying to tell us tht ur govt has decided to introduce tht gigantic 4-figure note for pleasure or wat, ur economy z under panic? Nde kunamiza anatu kkkkkk

  10. Benjamin, these politicians take us for babies, eish! Who can believe the reasoning behind the K5000 denomination? We know that strong economies have lower denominations than what is being proposed. Is this note a means of getting a cut from the cost for printing so they fund the campaigns next year? Some of us are bound to wonder and be suspicious with every thing being introduced at this time by the ruling party in the name of government. The distinction between the two was lost ages ago anyway. So nobody should take offense at these questions.

  14. Malawi tiyen mulungu ayendetse dziko tisadalire munthu wa dziko lapasi chiyambi cha kudza kwa yesu kenaka tidzagwiritsa ntchito ndalama imodzi ya $ coz idzakhala yathu yatha tipemphere zolimba

  15. Malawi tiyen mulungu ayendetse dziko tisadalire munthu wa dziko lapasi chiyambi cha kudza kwa yesu kenaka tidzagwiritsa ntchito ndalama imodzi ya $ coz idzakhala yathu yatha tipemphere zolimba

  18. If the value of K5000 will be similar to K50 in the time ok Kamuzu Banda, then why not adopt the knowledge of Kamuzu? You are of course educated but you are lacking wisdom. The reason I’m saying this is tha: people will become billionaire while they will be still in poor conditions.. enough is enough it’s better to have K5 than K1000.

  21. i think solution is having an age limit on ministers,MP’s and president. imagine goodall is the same age as my granny. do u kno what my granny does best? waking up and warming himself on the sun. yet mr goodall is the finance minister in the poorest country on earth. can that country get better??

  34. Kkkkkkkkk ya komaso amalawi mpaka kusankha anthu anyumba imodzi kodi kumalawi kulibe anthu ophunzira oti angamulandile pitalayu 2019 mcp boma!!!!!!!!!pamodzi ndi chakwela

  37. Peter ukutimvensa kuwawa ukamachoka pa udindou ukufuna utisiile mamvuto.simungamachoke pa pando onsaipinsapo aiii sizoona izi. Maiko ena ndrama imathera 200 bas .example RD 1 to 200,1000 metic’s ndi ena otero.@ zokudya zimakhala zonsika mitengo koma Malawi eish ndi chifukwa tili moyenda ndikumaiwalako zakumeneko.or kulakalaka kubwerera,kumakukana ku Malawi kukhala kwanu munthu ponganizira mamvuto @kugwa kwa ndrama inde timakuma ndi mamvuto koma Malawi eeeeeeee ai .

  42. dziko lathu lamalawi akamanga toilet ya flash pa musika wa nsomba akasegulire ndi president alimi oweta abakha ndi nkhumba akawamangi makhola amakono akasegulire ndi ma mp .Zoti ndalama ikupita pansi dziko likhala pamavuto alibe nthawi yokambilana zimenezo akukasegulira makola a anapiye .mayiko a anzawo akumanga zinthu zodabwisa pa masiku ochepa kuli ziiii popanda woima pachulu kuzitamandila .koma malawi ….awa lekaniii

  43. Very soon malawi will be like zimbabwe where foreign currency is being used what a shame!!!! Ichi ndi chiyambi zazikulu zikuza mmawa muzamva tapanga 10000 imodzi.

  44. They call themselves educated people but failed to handle the Economy. It’s fine introduce K5000 and use it within your family.

  45. Apandiye zativuta basi mpaka k5000. Boma la peter ndipanja pomwe. We better vote for mcp maybe we will see a change. A peter muthalika amati ndi ophunzira koma akulephera kuyendetsa dziko kwatsala mkuti atulutse k10000 imodzi

  48. Malawi shld open dere eyes b4 is too late, introducing k5000. Wll not still solve de prbms jst like de k2000 didn’t. Pls let’s manage de little ones wll hv nd keep living.

  55. Uncle peter ndi azizanu kumeko inu ndiye ayitu ngat mukudziwa kuti simutengaso mpando .chonde osationengera kadzikoka ,,,,mkomweka pomwe tikudikila madala athu,,kuti ??,,,,,,,, Tayesa kwa inu uncle koma eeee ,,napepe,,,

  56. Our views can’t change nothing when they come on open like this u must believe me they already made there decision and then only our actions on 2019 can do us better tomorrow my follow Malawians we must wake up and don’t give up after fight now we see the light let’s chase those crazy for it out of the town

  60. I thought you could reduce to ‘k200 as a lowest notes, DPP Government must go no matter which party can lead even the smaller unpopular party. Even birds can ha

  64. Being the fact of 5,000 note,that shows that there’s inflation.No more my vote ❎.U have failed to lead the nation of poor pipo.U have tested the anger of Malawians.

  65. Lets just kill them all by all means except by a gun. Prayers would do better as we did with Bingu.. Our home has been carelessly conquered by monkey thieves, and Peter is their leader.

  66. Hahaha muziwerenga bible vuto si boma but the time has come coz bible limati “kudzafika nthawi zowawitsa” nde osadabwa ayi tili munthawi yowayitsa. Kuti mudziwe kuti dziko lafika kumapeto mufuna muonere chani? Instead kumalapa muli busy kunyoza boma ngati ndilomwe linalemba bible kuti kuzafika nthawi zowawitsa. Satan wakuphimbani m’maso kuti musadziwe nyengo yomwe mukudutsa.

  74. Nandolo,ztumbua,thobwa,zgumu,mbatata,maungu,chimanga chachiwisi,chipere ndi makakana ootcha!!! All those things to eaten @ one single time, do you expect person to be okay @ the end of the day????????? The answer is definitely No!! Apambuka same time wat you have done mwafukiza mbewa kuuna…….mwamvaaaa!!!!! Rubish.

  80. Uku ndiye kukalamba mwamva?? Minister of finance okalamba president okalamba ,, guy khalambazi zitionongera dziko mwamva inu??? Mmmmmmhuuu!!

  83. Cabinet yamtalika inetu ndilinayo ndi nkhawa, ,, pa sabc pano I believe ndi malawi yokha yili ndi zinduna zoposa 70 yrs, ,, cha nzeru chomwe chingapezeke kwamikhalakaleyi ndichani, ,, I now believe ophunzira mu boma la mtalika mulibe

  89. Kodi adayambisa zoti kwacha! kwacha! ndi ndani chonsecho kunali ma shilling ndi ma pounds kalero now chifukwa chifukwa cha dyera ndi phuma mavuto sakuti leke we’re still on firee Malawi.

  92. Bola tiyambe ku user dollar ya America basi kkkkkkkk cause apa ndiye malawi wakanika nidasiya Mk1000 nidzangofikila Mk5000? That is nosense

  94. Ine sindikuona zachilendo,ku Zimbabwe kuli 1million imodzi.kodi mayetse tinafuna utsogoleli wachinganga ngati chemugabe? tiyeni titsate dzeru zachinganga basi.nanga titani? oro tiwawate wawate palibe chotsitha.ukakula umangoyesetsa nsima isamatsowe pankhomo pako.zikakhala dzinazo adzapanga ana anga.ndichimodzi modzi che muthalikawa! odi ndidzigona ndimveko zamawa.kaya kubalanji?

  96. Are Malawians children to believe that the higher the bank note the stronger the economy? What is happening to our leaders? Malawians know what happened to Zimbabwe when they introduced a million Zim $ bank note! So you think you can cheat them? So you have already forgotten what representative Malawians said during the recent bye-elections? So it is true that people become drunk with power!

  98. Ndalama idatha kale iyi ibwere 1 kg meat is K2,000,tomato is K500,onion is K500,cooking oil is K1,300.Total bill=K4,300 and change from K5,000 is K700.Ndiye mukuopanji? Kumangotsutsapo zili zonse basi.
    5 packets sugar is K4,000.

  102. We call un tremendous time here in our full of bad lulers who is there to make there own decisions not people decisions so DPP were tired of you gett off f**kn gvt i never see f**k this leadership of foreign person

  103. Why…..
    I think 2019 we must change our ruling party…. Mr Gondwe ndinadziwa ndili ku primary mpaka sukulu ndinamaliza.tidziti m’boma silikuona kuti penapake zinthu sizili bwino? Your time is up,it’s time we try something new osati kumangotibela ndalama apa.. 2030 our currency will be like Zimbabwe’s

  104. dont say Malawians, say Muthalika & his clue. coz in Malawi timangoona zachitika ndipo zikatero palibe amatsutsa.shame on Malawi ( flames of fire).

  106. This is a good idea. If America has a $100 bills which translates to MK72,000 that should tell you we needed even MK50,000 by now. I do not know what people are fearing but this is good indeed. You do not need too much notes in your pocket to go for shopping. A few of them but with value the better….simple. Carry on with the idea…iwe boma..

  111. This is too much kupaga 5000 it doesn’t make sense please apulezidentiiiii onanipo apa chifuwa amphawi ngat ife 2000 yativuta chanjeee what more 5000 eeeeeeish ayi bolanso nthaw ya Bakili. Chimene mugadziwe dziko ndi anthu mukugoti mukakhuta ma sausage anu uko muli bwanji titatulusa 5000 zaziiiiii mwandikwisa mapwiya .isaaaaaa

  112. Na jana nilisema kwamba mtajuta kuzaliwa Malawi nabado mnajifanyaga wasomi kumbe niwapumbavutu kwastaili hii ziwa nyasa lazima tuchukue

  114. Useless! Its only Malawi as a country with very old minister of finance! His knowledge now is that of a kid.Commodity price always rise towards the last denomination of the currency on land! This is the ongoing if poor administration of the present regime!

  115. Perhaps govt and banks must just improve on online banking, introduce more tailor-made personal savings cheque accounts, electronic banking and mobile money inorder for people to avoid carrying very huge sums of money. That is, if the reason is indeed the one given.

  119. The whole scenario is a total bullshit,therefore I call upon all concerned citizens to unite against the introduction of such a move! We’ve had enough of this!

  122. Agondwe kuphatikiza ndi a dpp ,,,,,mbuzi zokhazokha,,,,amvekere it will reduce de cost of money printing,,,,,kma dis government,,,,samamva zonena amalawi,,,,, chala changa ndinakulakwira iwe ndikanaziwa ine………………….speechless

  123. Awa ndie manyi eni eni nd2,where iz our country heading to?here in south africa banknote ya ikulu ndi 200 bax oooo shit

  124. Joyce Banda our Malawian Currency was devalued from Udf Regime if you can recall. Kamuzu left our currency while it was in good state, then our an educated guy took over our currency was 1 Rand = 7 Kwachas, later to 17 Kwachas and on and on.

    3. Rafick, do you know why kwacha changed 1 Rand to K14 in the time of Bakali Regime? Do you know that, Mcp’s Regime there were no Black-Market? If you want to go abroad even here in Zimbabwe, or South Africa you were forced to open an Account in the bank and after two weeks you withdraw in the form of ” Traveling Cheques?”. When Muluzi came introduced ” Black-Markets” banks started not functioning well coz people started keeping money in their homes. This was the starting point for our Kwacha to loose power. We had a President who had no clue how run a country, he was running our country like a spaza-shop. Always the truth is bitter but we have to blame him, he destroyed our country by introducing ” Privatisation ” instead of continuing Kamuzu’s ” Capitalist System”. To answer your question:
      I came in South Africa while Kamuzu was in power, meanin: b4 the so called ” Multiparty Democracy”. Inshort, i know him ( Kamuzu) better than Bakali in Leadeeship.

    4. Nd when u went there in SA. Did the have the 200 note?who are you blaming now?I thought you removed udf party coz it was corrupt nd the president wasnt well educated? Here comes two well educated what did they changed? Do live in back focus on whts happening now.lets face the truth.our all leaders.are aftr money.

    5. Do u really think by to day where in africa do thy use one party system? Nd who introduced multiparty in malawi? Was it muluzi?muluzi got the seat whem multiparty was already introduced by the late chakufwa chihana.kamuzu accepted it.he knew he wont even stand for more than 5 years with one party system.the time you came to SA.how much where you earning a week or a day.for the job u were doing. Nd same job how much are others being paid nowdays?the world is changing.look at economy in Europe nd USA those are called the super power. Thy are crying now coz they do not realise that things changes.these cars we are driving now we won’t drive in 2040.

  127. how is the introduction of K5000 note be related to the ruling party? a Malawi? let the economists explain about the introduction of K5000 note

    8. U mean president sakuzidziwa? Basi angodziwa Goodal, mbale wake osadziwa zingatheke zimenezo? Manyazi bwa! Pali zobakila apa. Goofing from 1st day mpaka amaliza term. Monopolized chance.

  128. Zim yinayamba chonchotu boma simukutithandizatu pano ngati mwatopa nalo Dziko siilani anzanu no one is happy with your poor idea izi zasangalasa aboma nokha apatu

  129. Plz Malawi watani ndalama ikatero zithuso zimakwera mumtengo eeeeesh mavuto ndiosayamba ndithu likupita kuti dziko lamkaka ndiuchi lija?

  131. Apapano tili mmasiku otsiliza kwa ozindikila tizingolapilatu machimo basi,exactly zomwe bible linalemba kut kuzakhala nyengo zowawisa nde ndizimenezitu,magesi kuzimazima anthu kuyesa kulira ata boma osava kumangozikundikila mmatumba mwawo! pano ndi izi; malawi akupita kut uyu? lapa mbale ndikusiya zoyipa.ngt ndimalandila 20pin pakhomo ndizibwela ndimapepala 4,kkkkk ngat ndinatapa advace 5pin pa 20pin which means ndipasidwa zamapepala atatu eeeeh,pakufunika civic education apa,kuwatumizila masten 5pin akuuza kut mwana wamwano uyu anganditumizile ndalama imodzi ndithu kkkk zovuta ndithu.

    1. M’bale wanga sukunama nthawi yatheratu kungofunika mkulapa ndipo kudana nd boma munthu ungozitaya nthawi chifukwa yako chifukxa zinthuzi zinalembedwa kale koma tsoka kwa uyo odza ndchoipayo.

  132. Being the only sadc country by not having that note is not a problem, provided that our currency should have value! Don’t be doing things because others are doing! Consider the prons and cons of introduci a such note

  138. Collapsing of Our economy as it was with Zimbabwe some few years ago. We used to carry an expand full of money to buy a bread when going to South Africa.

  145. KKKK KOMA YA DPP YOYEEE NDIYE IKADIKA 5 pin oo mages aziyakabwino sopano kod mpando umeneu sizimatheka kunena kuti bas ndalephela chifukwa akulu awa alephela zikoli bas palibe chomwe akuchita chooneka akungoti miseu bas miseu bas asiyen apange pofika 2019 apanga 10 pin

  154. Za uchitsiru zokha zokha zipezekenso pamenepo zitsiru zozitcha zokha kuti concerned Malawi citizens. Wamoyo mkumasekelela zimenezozo zapa….. .. ..

  157. Just tell us that Malawian currency has been devalued, why keeping on an eldery Goodal Gondwe as Finance minister yet he is unable to manage Malawi kwacha?Just imagine minbus change,Condactors be ready to panic when only two give 5000 notes

  162. Koma abale ndiye conductor ali pachintchitotu,basi yatenga anthu khumi ndiye apezeke asanu opereka ma 5grand kkkkkkkk mpaka atapinyolitsa bus kamba kosowa change

  165. The issue here is abwt leadership ..not how educated sm1 is..

    We are rulled by thieves ..I see no leadership in them .

    Last year it was this 2,000 note

    Then you stand tall and say ..the economy is going fine
    Now introducing the 5,000 note ..what’s the meaning of that ?

    Mr President ..you need to consider before its out of hands !

  172. Ok,but The question is,what is their notion behind the move? I’m Sure Impoverishment Is Still hitting Malawi.So Sorrowful,unfruitful,insupportable Plan.Let Me Call It Unhelpful.

  173. Tangopangani MK20.000 imodzi,tatopa ndizomangoti chaka chili chonse kumangopanga ndalama yatsopano ine ngakhale ndi MK2,000.00yo ikutha mphabvu ndipo sindinaigwilepo mkadzi komwe. ngakhalenso mupange mk5,000 palibe chomwe chingandisinthikele.mwayi kwa mabwana chifukwa ziapeputsa kutenga ndalama zambili pokashopa.

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  175. Keep on critising everyday while those being talked about have nothing to lose. Whether positive or negative I always do things that can bring changes to my side. My life will never depend on politics for my things to work but rather hardworking on my own.

  176. Thats bullshit to hear, is there sky white Malawian citizen to stand for presidency please? These our busted blacks are full of corrupt they just come to correct our tax.#DPP must fall

  178. M’malo Mothetsa Mavuto Amene DzikoLathu Lkukumana Nao…..Muli Buzy Kutibweletsela Ndalama Zogwilana Pali Nzelu?Kubwela Kwa K5000 Tipindulanj Osaukafe???….Zitsilu,Mbava Zophunzila Zkufuna Kutionongela Dzikoli Ndithu Ife Tikuona………..Adxakaluza Adxathawile Kunja Adzatisie Ife Pamavuto Owayamba Io…….Panyapanu Tsopano Mwatikwana Agalu Akuba Inu…….

  180. Zimukuganizatu Abomanu,panopo K2000,munthu Akumatandala Nayo Ndi Njala Akukanika Kugula Zinthu Zina Nkhani Yake Chenji Ndiye K5000 Koma Mukuganiza Bwino?Kusindikiza,kupanga Ndalama Yatsopano Kumaononga Ndalama Zambiri Bwanji Gulani MAgenset Onjezera Mphavu Zamagetsi.Mukupita Kwanutu 2019

  181. Peter and his fellow DPP must go to mental hw can u make that rubbish last year wapanga 2000 note now u want 5000 that is really show that u not gud enough to be President. U are really mad go to hell,

  185. Rubbish!!!..kkkkk.. Dpp is enemy of its own.. Nothing to offer on abundance of water and resources.. As a fool still thirsty…

    1. Here it is really shows that the readership we have rit now has failed to hold up Malawian economy

  191. Malawi,ukupita,kuti?mayo!!!!mayo!!!!4mitre,tizigulira,soap,wa,nirma,mayo!!!!mayo!!!!!malawi,kamuzu,uli,kuti,bwera,uzaone,malawi,lero??????atipulumutse,ndani,2019,kwazigawengazi?????????bushir,kapena???????

  199. kukanika kukonza dziko koma busy kumangopanga zopusa, 5 pin isintha chani, akabwera. Kofi Amati ndinu a nzeru nzeru zake ziti?? kufuna kuliyipisa dziko lanthu bax, mayiko ambiri bank notes yaikulu imathera 200 iweyo kutani?? ukutimvesa manyitu…….. okay?

    5. innocent kukwanisa ndikhonza kukwanisa as long as av been in Malawi since i was born, enawatu anangolipedza dzikoli lili pa mtetete

    13. If ur brother is a football player dsnt make u a footballer as well aliyense anapasidwa talent yakeyake yosiyana ndi nzake if Bingu was a great or better president kaya Enomomist dsnt make Peter Wa Muthalika a President let’s face it Munthuyi zamuvuta he can’t do it its not in his blood I can’t understand how he became a President at the first place things are getting worse for us poor people sometimes it’s beta to accept it kuti ndalephela. .Where is he leading us to?

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    1. Zaonjeza dziko ikupita kuti but u must think if u want to do something or ask other pipo will help u than to do urself but I know ur a head but sometimes head can fail in thinking

  205. stupidity is when u put your blame on others n fail to take care of urself

    kip on critising the government n leadership n u wl end ip paying shoe strings as school fees

      1. We are in a democratic country where the majority rules. Where is Goodal getting this nonsense? If printing of money is costing the government more money why can’t he promote e-payment?

    4. Kaya wina afune asafune ngati chuma chadziko sichikuyenda bwino athu amablema chipani chikuyendetsa boma mngakhale mutakwiya bwanji utuluka kwa k5000 chidziwitso. Chakuti chuma chathu sichikyyenda bwino Ndiye athu akamadandawula mysaganuze kuti ndi amisala ayi.

  206. We don’t want this nosense Goodal. Don’t fool us. Even our wives are happy to receive the highest note in the country. So how many K5000.00 can we be leaving at home for ndiwo per month? Do you think the Landlord will be happy to receive just 2 notes per month?

  207. If the Minister thinks he can come and cheat Malawians, he must know that time for fooling Malawians is over. If he is ignorant he must know that the highest note in South Africa is R100.00. If I were the Minister, I would have been advising Malawians to make use of the e-payment facilities (Mpamba, airtel money, zoona, Mukuru etc) If the minister is ignorant of this, then pave way to the digital generation guys. Analogue time is over Goodal. Sometimes ask the children they can tell how your next door neighbour is managing his house.

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