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 Rates


Inflation Rates (%)Overall

12-Month 10.40 Nov - 2019
Non-Food: 4.70 Food: 17.20


Bank RatesEffective Month:
May 2019

Bank Rate 13.50
Lending Rate (Min) 13.9
Lending Rate (Max) 24.68
Savings Deposit Rate 4.58


Treasury Bills

Treasury Bills Auction Results

Auction Date:  Nov 12, 2019

The Reserve Bank of Malawi wishes to notify the public that during the auction held on Tuesday, Nov 12, 2019, it raised MK 8,882.44 Million. For more details, click the link below...

TB Auction Results Summary 05 November 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