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 coinageRead More…

According to an UGPulse article, Governor Emmanuel Tumusiime Mutebile said the Bank of Uganda would consider introducing a 100,000-shilling (US$38.50) banknote if inflation doesn’t ease from recent levels around 30 percent. Currently the largest denomination is the 50,000-shilling note issued on 17 May 2010. In a follow-up statement dated 11Read More…