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Reserve Bank of Malawi

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Reserve Bank of Malawi

Mission Statement Objectives Strategies

Mission Statement

To provide banking services to Malaŵi Government, specific financial institutions and international organisations promote sound currency management strategies and provide an efficient clearing and settlement system in Malaŵi

Objectives

  1. To act as banker to Malaŵi Government, commercial banks and identified stakeholders;
  2. To provide an efficient clearing and settlement system;
  3. To improve the monitoring and reporting of the financial performance of the Malaŵi Government;
  4. To procure and distribute Malaŵi currency in a cost effective manner;
  5. To safeguard the integrity and security of Malaŵi currency;
  6. To provide safe custody for valuable assets of the Reserve Bank of Malaŵi and Malaŵi Government.

Strategies

  1. Strengthening and maintaining the safety and efficiency of the banking system;
  2. Promoting sound currency management;
  3. Development of currency systems, procedures & controls to mitigate currency related risks;
  4. Safeguard the integrity of the Malawi currency;
  5. Improvement in the efficiency in the procurement, processing and distribution of currency;
  6. Improvement in the efficiency in the procurement, processing and distribution of currency.