‘Fuel price hike reports are fake’- RBM
The Reserve Bank of Malawi has dismissed viral reports which claim that fuel prices have increased in the country.
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Browsing Tag
Reserve Bank of Malawi
Court snubs Mulli Brothers 1.4 Billion Kwacha claim
The High Court of Malawi Commercial Division in Blantyre has dismissed with cost an application by Mulli Brothers Limited-MBL to halt a case in which Reserve Bank of Malawi is claiming 1.4 Billion Kwacha from the company.
K 5,000 banknote goes into circulation today
The Reserve Bank of Malawi is today releasing into circulation a K 5, 000 banknote.
Ralph Tseka, spokesperson for the Central Bank has told us the bank thinks it has done adequate awareness on features of the new banknote.
Supreme court fails to hear landmark insurance case
The Supreme Court of Appeal has failed to hear an appeal in a case in which Malawi Law Society is challenging a Reserve Bank of Malawi (RBM) directive that compels insurance companies to pay directly to claimants.
MERA pens Reserve bank on forex allocation to fuel importers
The Malawi Energy Regulatory Authority (MERA) has requested the Reserve Bank of Malawi to prioritize allocation of forex to licensed fuel importers to normalize fuel supply in the country.
Reserve Bank maintains policy rate as inflation projections rise
The Reserve Bank of Malawi’s Monetary Policy Committee has maintained policy rate at 12 Percent in a move to minimize policy trade-off and balance the efforts of managing inflationary pressures as well as supporting economic recovery.