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 RatesMay 27, 2019

Currency Buying Selling
EUR 824.0081 848.0862
GBP 936.9241 964.3018
USD 735.1308 756.6118
ZAR 51.0891 52.5819


Inflation Rates (%)Overall

12-Month 9.10 Apr - 2019
Non-Food: 5.40 Food: 13.80


Bank RatesFeb 2019

Bank Rate 14.50
Lending Rate (Min) 14.90
Lending Rate (Max) 26.25
Saving Deposit Rate (Min) 4.36
Maximum Lending Rate 26.25
Mortgages Commercial 21.50


Treasury Bills

Treasury Bills Auction Results

Auction Date:  May 15, 2019

The Reserve Bank of Malawi wishes to notify the public that during the auction held on Wednesday, May 15, 2019, it raised MK 9,810.58 Million. For more details, click the link below...

 TB Auction Results Summary for 15th May 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