Reserve Bank Of Malawi

Reserve Bank Of Malawi It replaced a branch of the Federal Bank of Rhodesia and Nyasaland founded to serve as a central bank of the Federation of Rhodesia and Nyasaland.
(2)

The Reserve Bank of Malawi was established under an Act of Parliament in July 1964 (Chapter 44:02 Laws of Malawi) and started its operations in June, 1965 in Blantyre. Historical Background
The Reserve Bank of Malawi was established under an Act of Parliament in July 1964 (Chapter 44:02 Laws of Malawi) and started its operations in June, 1965 in Blantyre. The federation comprised Southern Rhodesia

(now Zimbabwe), Northern Rhodesia (now Zambia) and Nyasaland (now Malawi). At inception, the Bank had total assets amounting to K15.96 million with foreign assets amounting to K15.2 million an equivalent of £8.8 million, representing 18.1 percent of the federal currency which was redeemed in Malawi. By 1981, the year its head office moved to Lilongwe, the Reserve Bank of Malawi had expanded its operations when total assets increased to K230.7 million with foreign assets amounting to K43.9 million. In April, 1989, the Reserve Bank of Malawi (RBM) Act was revised stipulating the Bank's principal functions which are in the interest of the national economy and are in line with the economic policies of the government. Before the revision of the Act, the Reserve Bank of Malawi reported to the Treasury. The 1989 RBM Act, however, made the Reserve Bank of Malawi independent from government under section 4. With this independence, the Reserve Bank of Malawi has the full mandate to conduct monetary policy whereas fiscal policy issues are the mandate of the Ministry of Finance. The Reserve Bank of Malawi therefore has to ensure that fiscal developments are consistent with monetary developments. In 1990, the Reserve Bank of Malawi clocked 25 years of its operations with total assets amounting to K1.03 billion and foreign assets accounting for K324.5 million. By the close of 1998, total assets of the Bank registered a high of K18.8 billion with foreign assets amounting to K11.3 billion. The operations of the Bank have therefore expanded during the years more especially with the growth of the financial sector. This necessitated the building of a new and spacious branch office in Blantyre which was officially opened in November, 1998. During its time of operation to date, the Bank has had the following Governor's, namely:

Dr. Wilson T. Banda July 2020-Present
Dr. Dalitso Kabambe 2017-July 2020
Charles Chuka 2012-2017
Dr. Perks Ligoya 2009-2012
Victor Mbewe 2005-2009
Dr. E.E. Ngalande 2000-2005
Dr. M.A.P. Chikaonda 1995-2000
F.Z. Pelekamoyo 1992-1995
Hans Joachim Lesshafft 1988-1992
S.C. Hara 1986-1988
L.C. Chaziya 1984-1986
J.Z.U. Tembo 1971-1984
D.E. Thomson 1968-1971
A.G. Perrin 1968

MISSION AND VISION
-------------------------
MISSION
To maintain price and financial stability through formulation and implementation of sound monetary and macro-prudential policies

VISION
To be a central bank of excellence that promotes macroeconomic stability for sustainable economic development in Malawi

CORE VALUES
>Transparency
>Integrity
>Professionalism
>Innovation
>Team Work
>Efficiency
"TIPITE" - We will forge ahead and others will follow voluntarily

A Summary of key economic indicators, policy decisions, and macroeconomic developments from RBM’s 3rd Monetary Policy Co...
06/08/2026

A Summary of key economic indicators, policy decisions, and macroeconomic developments from RBM’s 3rd Monetary Policy Committee’s Statement.

The Reserve Bank of Malawi's Monetary Policy Committee (MPC) has maintained the Policy Rate at 24.0% following its Third...
06/08/2026

The Reserve Bank of Malawi's Monetary Policy Committee (MPC) has maintained the Policy Rate at 24.0% following its Third Meeting of 2026.

The decision reflects continued progress in reducing inflation, which moderated to 22.9% in the second quarter of 2026 from 24.3% in the first quarter.

Inflation is projected to decline further to 22.0% by the end of 2026.

The MPC noted that while inflation is moving in the right direction, risks remain due to global economic uncertainty, elevated import costs, and weather-related threats to food production.

The Committee also highlighted that Malawi's economy is projected to grow by 2.8% in 2026, supported by improved agricultural production and a stable banking sector.

PUBLIC NOTICE FROM THE RESERVE BANK OF MALAWI Invitation to the 3rd Monetary Policy Technical Forums
04/08/2026

PUBLIC NOTICE FROM THE RESERVE BANK OF MALAWI

Invitation to the 3rd Monetary Policy Technical Forums

PRESS RELEASE FROM THE REGISTRAR OF FINANCIAL INSTITUTIONS Revocation of Licence, Compulsory Winding-up of Tipindule Com...
29/07/2026

PRESS RELEASE FROM THE REGISTRAR OF FINANCIAL INSTITUTIONS

Revocation of Licence, Compulsory Winding-up of Tipindule Community SACCO and Call for Creditors Claims

ATTENTION EMPLOYERS!Did you know that every employer is required to enrol eligible employees in a pension scheme from th...
29/07/2026

ATTENTION EMPLOYERS!

Did you know that every employer is required to enrol eligible employees in a pension scheme from the date of employment?

Staying compliant not only protects your employees' future but also helps your business avoid penalties and legal consequences.

Failure to comply may result in penalty interest, monetary fines, court action, or even closure of business premises.

SECURE YOUR EMPLOYEES' RETIREMENT. BENEFITS

MEET YOUR LEGAL OBLIGATIONS

AVOID COSTLY PENALTIES

For more information, contact any Pension Services Company or the Reserve Bank of Malawi Pension Compliance and Support Department.

Phone: 0111 770 600
Toll-free line 459
Email: [email protected]
https://www.rbm.mw

DZIWANI UDINDO WA ANTHU OLEMBA ANZAWO NTCHITO PANKHANI YA PENSHONI Olemba ntchito anzawo ali ndi udindo ofunika. Malinga...
27/07/2026

DZIWANI UDINDO WA ANTHU OLEMBA ANZAWO NTCHITO PANKHANI YA PENSHONI

Olemba ntchito anzawo ali ndi udindo ofunika.

Malinga ndi ndondomeko yamu Mandatory Occupational Pension Scheme (MOPS), olemba ntchito ali ndi udindo ofunika kwa antchito awo monga:

Kulembetsa antchito oyenerera mu ndondomeko ya penshoni

Kupereka inshuwaransi ya moyo (Group Life Insurance Cover)

Kupereka ndalama yosachepera 10% ku penshoni ya ogwira ntchito mwezi uliwonse,

Kudula ndalama yosachepera 5% kwa ogwira ntchito mwezi uliwonse,

Kutumiza ndalama kwa oyendetsa penshoni mwachangu, pasanadutse masiku 14 kuchokera pa tsiku lomwe ndalama yadulidwa.

KUTSATIRA MALAMULO A PENSHONI KUMATHANDIZA KUMATETEZA TSOGOLO LA ZACHUMA LA ANTCHITO KOMANSO KUMALIMBIKITSA KUKHULUPIRIRANA KUNTCHITO.

Imbani lamya : +265 111 770 600

Lamya yaulere: 459

Email: [email protected]

KNOW YOUR EMPLOYER'S PENSION OBLIGATIONS Employers Have Important Responsibilities Under the Mandatory Occupational Pens...
27/07/2026

KNOW YOUR EMPLOYER'S PENSION OBLIGATIONS

Employers Have Important Responsibilities

Under the Mandatory Occupational Pension Scheme (MOPS), employers have key obligations towards their employees.

These include:

Enrolling eligible employees in a pension scheme,
Providing group life insurance cover,

Contributing at least 10% of pensionable earnings,

Deducting (minimum 5%) and remitting employee contributions on time,

Remitting contributions within 14 days after they become due.

COMPLIANCE WITH PENSION LAWS HELPS PROTECT EMPLOYEES' FINANCIAL FUTURES AND STRENGTHENS WORKPLACE TRUST.

Contacts
Telephone: +265 111 770 600
Toll-Free line: 459
Email: [email protected]

CHIFUKWA CHANI PENSHONI ILI YOFUNIKA?Mukapuma Pantchito Ulendo Umakhala Wautali: Konzekerani!Mukapuma pantchito, m***a k...
24/07/2026

CHIFUKWA CHANI PENSHONI ILI YOFUNIKA?

Mukapuma Pantchito Ulendo Umakhala Wautali: Konzekerani!

Mukapuma pantchito, m***a kukhala ndi moyo wautali. Kukhala ndi penshoni kumathandiza kuti mupitilize kukhala ndi gwero la ndalama ntchito mutapuma.

Penshoni ingathandize kulipira:
Zofunika pa moyo wa tsiku ndi tsiku
Ndalama za chithandizo cha umoyo
Zosowa zachuma zosayembekezereka
Chitetezo cha banja kwa nthawi yayitali

Mukadziwa bwino za ufulu ndi phindu lanu la penshoni mwansanga, mumakhala okonzeka bwino komanso tsogolo lanu limakhala labwino.

Foni: +265 111 770 600
Imbani phone yaulere: 459
[email protected]

WHY PENSION MATTERSRetirement Is a Journey: Plan For It!With increased life expectancy and changing economic realities, ...
24/07/2026

WHY PENSION MATTERS

Retirement Is a Journey: Plan For It!

With increased life expectancy and changing economic realities, retirement may last for many years. Having a pension helps ensure you continue to have a source of income when regular employment ends.

A pension can help cover:
Daily living expenses
Healthcare costs
Unexpected financial needs
Long-term family security

The earlier you understand your pension rights and benefits, the better prepared you will be for the future.

Telephone: +265 111 770 600
Toll-Free line: 459
[email protected]

The Reserve Bank of Malawi (RBM) wishes to inform the public that the Export Development Fund (EDF) has relocated its Li...
23/07/2026

The Reserve Bank of Malawi (RBM) wishes to inform the public that the Export Development Fund (EDF) has relocated its Lilongwe Gold Buying Counter to the RBM Head Office premises in Lilongwe.

We are pleased to announce the relocation of our Lilongwe Gold Buying Counter. We appreciate your continued support and look forward to serving you at our new location.

Address

P. O Box 30063, Lilongwe 3
Lilongwe
207216

Opening Hours

Monday 07:30 - 17:00
Tuesday 07:30 - 17:00
Wednesday 07:30 - 17:00
Thursday 07:30 - 17:00
Friday 07:30 - 17:00

Telephone

+2651770600

Website

Alerts

Be the first to know and let us send you an email when Reserve Bank Of Malawi posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Organization

Send a message to Reserve Bank Of Malawi:

Shortcuts

Share

Category