Tag: RBM
Reserve Bank Warns Against Refusal to Accept K20 Note, Says It Violates the Law
By Burnett Munthali The Reserve Bank of Malawi has issued a stern warning that refusing to accept or use the K20 banknote is a violation of the law. The bank’s spokesperson, Dr. Mark Lungu, clarified that the K20 note remains legal tender and that the bank has not withdrawn it from circulation. Read moreMalawi Freedom […]
RBM Expects Inflation To Drop
The Reserve Bank of Malawi (RBM) has indicated that it expects the country’s inflation to drop in the coming months. Speaking in an interview, RBM Deputy Governor for Economics, Macdonald Mafuta Mwale, stated that the Central Bank is actively addressing inflationary pressures and is committed to ensuring that inflation trends downward. Read moreMalawi Freedom Network […]