Reserve Bank of Malawi

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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 RatesJun 26, 2019

Currency Buying Selling
EUR 870.1947 893.6539
GBP 970.0745 996.2263
USD 765.9491 786.5979
ZAR 53.4925 54.9346

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Inflation Rates (%)Overall

12-Month 8.90 May - 2019
Non-Food: 5.70 Food: 13.00

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Bank RatesMay 2019

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

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