Month: January 2023 Posts

Two arrested for decorating cake with Malawian currency 

Jan 11, 2023 Malawi24 Reporter 0 &

Police in Blantyre are keeping in custody two cake bakers identified as Tumpale Ghambi, 24, and Sibongire Kaira aged 25 on allegation that they decorated a cake using K500 bank notes amounting to K35,000. According to Blantyre… ...

RBM introduces instant electronic money transfer

Dec 22, 2022 Russell Kondowe 0 &

The Reserve Bank of Malawi (RBM) says starting on December 1 this year, all transactions initiated through commercial banks' mobile or internet banking are being processed instantaneously with recipients getting the money instantly. The bank… ...

Kaunjika, used cars draining forex in Malawi — RBM

Sep 25, 2022 Malawi24 Reporter 1 &

Reserve Bank of Malawi (RBM) Governor Wilson Banda has told a Parliamentary Committee that imports such as second hand clothes (Kaunjika) and used cars are draining forex in Malawi. Banda together with officials from National… ...

Malawi has no Forex: RBM starts rationing distribution

Sep 21, 2022 Shorai Mopiwa 0 &

The Reserve Bank of Malawi (RBM) says the bank is rationing distribution of forex to sectors in the country amid the scarcity of forex which has affected importation of commodities such as fuel. Deputy Governor … ...

Two acquitted in K4.3 billion RBM case

Aug 12, 2022 Malawi24 Reporter 0 &

A magistrate's court in Lilongwe has acquitted Rodrick Wiyo and Leah Donga in the case in which former Reserve Bank of Malawi (RBM) Governor Dalitso Kabambe and others are accused of facilitating 4.3 billion kwacha… ...

RBM denies planning to release K10000 banknote

Aug 03, 2022 Shorai Mopiwa 0 &

The Reserve Bank of Malawi (RBM) has rejected reports that it is planning to release a K10000 banknote in October 2022. In a statement signed by the RBM Governor, Wilson Banda, the Bank says it… ...

5000 Malawi Kwacha banknote named best new banknote of 2022

Jul 08, 2022 Malawi24 Reporter 1 &

The 5000 Malawi Kwacha banknote has been named the best new banknote of the year 2022 in Europe, the Middle East and Africa for its design, technical sophistication and security features. Reserve Bank of Malawi… ...