Reserve Bank of Malawi to ‘Regulate’ Forex Distribution

Revitalizing Malawi's Economy: Reserve Bank's Forex Distribution Overhaul Set to Stimulate Business Growth - Business Malawi

Key Business Points The Reserve Bank of Malawi (RBM) is developing a new framework to compel commercial banks to allocate a specific share of their foreign reserves to productive sectors, […] The post Revitalizing Malawi’s Economy: Reserve Bank’s Forex Distribution Overhaul Set to Stimulate Business Growth appeared first on Business Malawi.

Reserve Bank of Malawi to ‘regulate’ forex distribution

By Kingsley Jassi: The continued decline of foreign reserves has prompted the Reserve Bank of Malawi (RBM) to develop a new framework that will compel commercial banks to allocate specific share of…