Reserve Bank of Malawi

Treasury Bills

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91 Days Treasury Bills

The 91 Days Treasury Bills are debt obligations issued by RBM on behalf of the Government of Malawi for the 3 months either a discount or face value, at a competitive auction on a weekly basis. At a discount means the instrument is sold to an investor, at below the face value. The difference between the discounted price and the face value determines the yield/interest earned. The yield on a 91-day Treasury Bils is the average 91-day discount rate.

Lender use the 3 months average rate, to adjust interest rates on the loans and corperate bond as economic conditions change. The then add a certain number of percentage points called a margin, which doesn't vary, to it to establish the interest rate they must pay or earn in the case of a corperate bond tied to it also goes up. Blow are the 91-day Treasury Bill Average Rates for the year 1994 to date:

Exchange RatesOct 13, 2017

Currency Buying Selling
EUR 848.5467 870.5512
GBP 950.9625 975.6228
USD 716.1941 734.7663
ZAR 53.3128 54.6953

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Inflation Rates (%)Overall

12-Month 9.30 Aug - 2017
Non-Food: 12.20 Food: 6.20

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Bank RatesJul 2017

Savings Deposit Rate 5.30
3 Month Fixed Deposit Rate 7.78
30 Day Call Deposit Rate 8.10
6 Month Fixed Deposit Rate negotiable
7 Day Call Deposit Rate 5.80
Bank Rate 18.0

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