Reserve Bank of Malawi

Reserve Bank of Malawi

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Last update: Mar 3, 2025 Last update: Mar 3, 2025
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Details

Legal residence:Malawi
Organization type:Banks (National and Private)
Funding agencies:Other
Other
Sectors:Banking
Banking
Sanctions:Check now
Status:
Active

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About

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. 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. The federation comprised Southern Rhodesia (now Zimbabwe), Northern Rhodesia (now Zambia) and Nyasaland (now Malawi).

MISSION
To foster the stability, integrity, and efficiency of the monetary, financial, and payment systems through the formulation and implementation of sound monetary and macro-prudential policies that take into account national interest.

VISION
To be an institution of excellence that promotes price and financial stability.

 

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