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Reserve Bank Of Malawi

Articles and publications tagged Reserve Bank Of Malawi across the Atmosphere.

11articles1publication
Malawi24
Malawi24Nov 4, 2026
Court cuts Finance Bank claim
A legal battle that has stretched for more than two decades has ended with a massive financial blow to the Reserve Bank of Malawi (RBM), exposing taxpayers to a substantial financial liability. The Supreme Court of Appeal has ordered the central bank to pay the dead Finance Bank of Malawi (FBM) K300 billion in compensation...
CorruptionCrime
Malawi24
Malawi24Oct 29, 2026
RBM warns over fake rate notice
The Reserve Bank of Malawi has dismissed a notice claiming it had adjusted exchange rate
PricesReserve Bank of Malawi
Malawi24
Malawi24Oct 20, 2026
RBM shakes up top ranks
A major shake-up has hit the Reserve Bank of Malawi (RBM), with Deputy Governor Kisukyabo Simwaka and two directors being moved to different government institutions with immediate effect. The changes are contained in Administrative Notice Number 1127, dated October 20, 2026, and signed by RBM Governor George Partridge. Simwaka, who is responsible for Operations at...
Esau BandaKisukyabo Simwaka
Malawi24
Malawi24Oct 17, 2026
Payment hurdles ease for businesses
A customer ready to buy but unable to pay through an accepted channel can mean a lost sale for a business. That hurdle could soon become easier to overcome for Malawian traders and entrepreneurs.The Reserve Bank of Malawi (RBM) has granted local fintech company PayChangu Limited a Payment Service Provider licence, allowing it to operate...
PayChanguReserve Bank of Malawi
Malawi24
Malawi24Oct 7, 2026
IMF clears way for ECF deal
Malawi is closer to a fresh deal with the International Monetary Fund (IMF) after the Fund said the country has taken decisive steps to repair its troubled economy.The IMF says the reforms could help restore economic stability under the National Economic Recovery Plan (NERP), with the Extended Credit Facility (ECF) programme at the centre of...
Cliff ChiundaExtended Credit Facility
Malawi24
Malawi24Sep 30, 2026
RBM pressed on hidden loan costs
The Reserve Bank of Malawi (RBM) is being pressed to ensure borrowers are shown the full cost of microfinance loans before signing up, amid concerns that interest rates alone may not tell the whole story.Development Economics student Tonex Mkwezalamba wants the central bank to review how microfinance institutions disclose interest, insurance, collection fees, Credit Reference...
LoansMicrofinance institutions
Malawi24
Malawi24Sep 28, 2026
Malawi to phase out cheques
People who use cheques for their transactions will have to get used to alternative payment methods as Malawi moves to phase out cheque payments.The Reserve Bank of Malawi (RBM) and Bankers Association of Malawi (BAM) have announced plans to phase out cheques as a payment method.This follows the publication of the Bills of Exchange (Amendment)...
ChequesMalawi Banks
Malawi24
Malawi24Aug 26, 2026
Salary cuts become billion-kwacha payouts
A 2020 decision to reduce executive salaries at the Reserve Bank of Malawi (RBM) has now turned into a costly compensation dispute, with former senior officials securing payments.This is so as the Industrial Relations Court (IRC) has found that the 2020 salary reductions at the institution were unlawful.For the affected executives, the dispute has been...
IRCReserve Bank of Malawi
Malawi24
Malawi24Aug 6, 2026
Policy rate maintained at 24%
RBM has kept its key interest rate at 24 percent
inflationmalawi economy
Malawi24
Malawi24Aug 6, 2026
Food prices drop, but electricity costs weigh on families
RBM's Monetary Policy Committee (MPC) announced on Thursday that it had maintained the policy rate at 24 percent,
Food Prices MalawiMalawi Cost of Living
Malawi24
Malawi24Jul 25, 2026
Cash habit puts pressure on Malawi’s currency system
Malawi’s heavy reliance on cash is becoming increasingly costly, with billions of kwacha now needed to replace damaged banknotes, raising concerns over the sustainability of the country’s cash-driven economy.The Reserve Bank of Malawi (RBM) expects to spend about K69.8 billion on replacing worn-out and damaged banknotes, up from K50.6 billion spent in 2025, as frequent...
EcamaMalawi Banknotes

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