Reserve Bank of Malawi

Welcome to Reserve Bank of Malawi Website

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) . click here to read more

Exchange RatesMar 19, 2019

Currency Buying Selling
EUR 816.7219 839.4109
GBP 955.1701 981.7053
USD 719.9594 739.9602
ZAR 49.8922 51.2782


Inflation Rates (%)Overall

12-Month 8.80 Jan - 2019
Non-Food: 7.10 Food: 10.70


Bank RatesJan 2018

Savings Deposit Rate 4.96
3 Month Fixed Deposit Rate 8.13
30 Day Call Deposit Rate 6.38
6 Month Fixed Deposit Rate Negotiable
7 Day Call Deposit Rate 4.75
Fixed Deposit Rate (Max) 7.88


Treasury Bills

Treasury Bills Auction Results

Auction Date:  Mar 5, 2019

The Reserve Bank of Malawi wishes to notify the public that during the auction held on Tuesday, Mar 5, 2019, it raised MK 17,473.40 Million. For more details, click the link below...

 TB Auction Results Summary for 05th March 2019  | view archive


The Government of Malawi seeks to issue through the Reserve Bank of Malawi the following respective tenors of Treasury Notes. Learn More 

 Download Bid Forms and Prospectus

 Latest Treasury Notes Results  | view archive


Download forms and related documents for RBM bonds here. You can also submit your bids by sending email to
 Bid Form For 3-year Bond
 Prospectus of 3-year Bond