Reserve Bank of Malawi

The Reserve Bank of Malawi is the central bank of Malawi established in the year 1964 located in Lilongwe.[2] The current governor is Wilson Banda.[3]

Reserve Bank of Malawi



Reserve Bank of Malawi Mzuzu Branch in the city of Mzuzu.
EstablishedJuly 1964
Ownership100% state ownership[1]
GovernorWilson Banda
Central bank ofMalawi
CurrencyMalawian kwacha
MWK (ISO 4217)
Websitewww.rbm.mw

The Bank is active in promoting financial inclusion policy and is a leading member of the Alliance for Financial Inclusion. It is also one of the original 17 regulatory institutions to make specific national commitments to financial inclusion under the Maya Declaration[4] during the 2011 Global Policy Forum held in Mexico.

The Reserve Bank of Malawi is the only institution permitted to issue the Malawian kwacha, which replaced the Malawian pound in 1971.

Governors
  • Alan G. Perrin, 1964-1968
  • D. E. Thomson, 1968-1971
  • John Tembo, 1971-1984
  • Chakakala Chaziya, 1984-1986
  • Stephen Chimwemwe Hara, 1986-1988
  • Hans Joachim Lesshafft, 1988-1992
  • Francis Perekamoya, 1992-1995
  • Mathews Chikaonda, 1995-2000[5]
  • Elias Ngalande, 2000-2005[5]
  • Victor Mbewe, 2005-2009[5]
  • Perks Ligoya, 2009-2012[5]
  • Charles Chuka, 2012-2017[5]
  • Dalitso Kabambe, 2017-2020[6]
  • Wilson Banda, 2020-[7]

See also

References
  1. Weidner, Jan (2017). "The Organisation and Structure of Central Banks" (PDF). Katalog der Deutschen Nationalbibliothek.
  2. "Reserver Bank of Malawi - Contacts". www.rbm.mw. Retrieved 2016-09-20.
  3. "About - Reserve Bank of Malawi". www.rbm.mw. Retrieved 2017-05-18.
  4. "Maya Declaration Urges Financial Inclusion for World's Unbanked Populations - RIVIERA MAYA, Mexico, Sept. 30, 2011 /PRNewswire-USNewswire/". Mexico: Prnewswire.com. Retrieved 2012-03-08.
  5. Madise, Sunduzwayo (26 March 2019). The Regulation of Mobile Money: Law and Practice in Sub-Saharan Africa. ISBN 9783030138318.
  6. "About - Reserve Bank of Malawi".
  7. "Malawi appoints Wilson Banda as new central bank governor". Reuters. 8 July 2020.

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