Month: January 2023 Posts

Malawi Kwacha value maintained after five banks snub forex auction

Jan 18, 2023 Mwayi Mkandawire 0 &

The Reserve Bank of Malawi (RBM) says only three out of eight banks participated in the foreign exchange auction last week and the results cannot be used to determine the official exchange rate of Malawi… ...

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… ...

CDEDI demands resignation of RBM governor

May 23, 2022 Martha Chikoti 0 &

The Centre for Democracy and Economic Development Initiatives (CDEDI) has expressed worry over indecisiveness of the Reserve Bank of Malawi (RBM) under the leadership of Governor Wilson Banda. In a letter to Banda, CDEDI says… ...

Malawi runs out of forex

Mar 26, 2022 Russell Kondowe 0 &

As Malawi continues to experience foreign exchange shortages, the Reserve Bank of Malawi (RBM) has demanded that 30 percent of forex realized from tobacco sales should be immediately sold to the bank. In a letter… ...

Magistrate Court replaces MUST on 2000 Malawi Kwacha banknote

Nov 24, 2021 Malawi24 Reporter 1 &

Reserve Bank of Malawi (RBM) has replaced the image of the Malawi University of Science and Technology (MUST) at the back of the K2000 banknote with an image of Blantyre Magistrate Court to represent the… ...

Reserve Bank of Malawi introduces K5000 banknote

Nov 23, 2021 Mike Kalumbi 3 &

The Reserve Bank of Malawi has introduced a 5000 Malawi Kwacha Banknote.  The bank has also introduced an upgraded 2000 Kwacha Banknote. This was disclosed at a media briefing which took place in Lilongwe this… ...

Malawi Central Bank to release new K1000 banknote

Nov 27, 2020 Russell Kondowe 0 &

The Reserve Bank of Malawi (RBM) will release a new K1000 banknote next year in a bid to fight counterfeiting of currency. RBM Governor Dr. Wilson Banda said at a press briefing today that the… ...