RBM Clarifies On New Banknote Rumours

The Reserve Bank of Malawi (RBM) has refuted social media speculation claiming that the Bank is planning to release a K10,000 banknote in October 2022.

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A statement signed by RBM Governor, Wilson Banda, says the Bank has no intention of issuing the said banknote any time soon. The statement further says there are several conditions that the Bank considers before introducing a higher banknote.

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