Monday, 24 April 2017
 

President Peter Mutharika has appointed a new governor for the Reserve Bank of Malawi after Charles Chuka’s term of office has come to an end.

Malawi is to introduce a MK2, 000 bank note, which will be in circulation from this December.

Monetary authorities have emphasised that Malawi cannot develop unless the country achieves increased levels of financial literacy.

A man in Malawi is set to appear in court to answer two counts of attempt to externalise foreign currency and illegal possession of foreign currency contrary to the exchange Control Act of the Reserve Bank of Malawi (RBM).

A man in Malawi is set to appear in court to answer two counts of attempt to externalise foreign currency and illegal possession of foreign currency contrary to the exchange Control Act of the Reserve Bank of Malawi (RBM).

Economic analysts are pressing the government of Malawi to re-arrange the set-up of the national budget envelope.

The government of Malawi is being lobbied to consider removing exchange controls if the country is to woo more foreign investors.

Officials of the government of Malawi have described as unwarranted concerns that the country’s economy is likely going to collapse due to a high external debt burden, as a result of low export base.

The government of Malawi has been advised to carefully watch its appetite for borrowing if the country’s economy is to record tangible economic gains.

Captains of industry are faulting the Reserve Bank of Malawi for what they call putting much effort on trying to bring down the inflation rate other than assisting in the reduction of the high lending interest rates.

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