Think-Tank Foresees Pressure on Kwacha

Think-tank foresees pressure on kwacha

The Economist Intelligence Unit (EIU) has projected that the kwacha will weaken gradually although the Malawi Government will likely continue to resist devaluation calls in short to medium-term. The United Kingdom-based economic think-tank, which is part of the Economist Group, has since projected that the local unit will trade at K2 792 against the dollar by 2030 based on continued pressure from the International Monetary Fund (IMF). The foreca…

K44bn bank notes cost itches Reserve Bank of Malawi

By Kingsley Jassi: The cost of printing new bank notes to replace the worn out ones rose to about K44 billion last year due to high use of hard cash. Reserve Bank of Malawi (RBM) Governor George Pa…

RBM Introduces 50 and 20 Kwacha Coins to Improve Currency Durability

The Reserve Bank of Malawi (RBM) has announced the introduction of new 50 and 20 Kwacha coins, which will begin circulating on 24 April 2026. RBM Governor George Partridge said the move is part of ongoing efforts to improve the efficiency and durability of the country’s currency. He explained that the current 50 and 20 Kwacha banknotes wear out quickly due to frequent use, making them costly to replace. To address this, the bank decided to conve…