In 2004, the Reserve Bank of Malawi released a 50 Kwacha commemorative note celebrating the country's 40 Years of Independence 1964-2004. Fast forward 10 years, and in 2014, the Reserve Bank issued another commemorative note. This time is a 1000 Kwacha value, celebrating the country's Golden Jubilee of Independence 1964-2014. Independence day is celebrated on 6th of June. The official name of this country is the Republic of Malawi. Prior to gaining independence, the country was known as Nyasaland between 1907 to 1964. The designs for this note is the same as the current 1000 Kwacha in circulation except that it has the following text printed on the lower right corner of the note - "50 Years of Independence". The Independence date of 6th July 2014 is also imprinted on the note. This note depicts the portrait of the late Dr Hastings Kamuzu Banda (b.1898-1997), who ruled the country from 1964 to 1993. He was first appointed as the Prime Minister following gaining independent from the British. In 1966 he became the country's first President and later in 1970 as President for Life under a one-party rule system. In 1993 a referendum was called ended his one-party state system. He then ran for the President post under a democratic systems in 1994 and lost. He died in South Africa in 1997.