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 RatesOct 26, 2021

Currency Buying Selling
EUR 936.7070 955.2481
GBP 1110.8053 1132.7925
USD 807.5060 823.4898
ZAR 54.9761 56.0643


Inflation Rates (%)Overall

12-Month 8.90 Sep - 2021
Non-Food: 7.20 Food: 10.90


Bank Rates

Effective Month
Policy Rate 12.00 Nov 2020
Reference Rate 12.20 Aug 2021
Lending Rate (Min) 12.20 Jul 2021
Lending Rate (Max) 23.95 Dec 2020
Savings Deposit Rate 4.35 Dec 2020


Treasury Bills

Treasury Bills Auction Results

Auction Date:  Oct 19, 2021

The Reserve Bank of Malawi wishes to notify the public that during the auction held on Tuesday, Oct 19, 2021, it raised MK 8,184.21 Million. For more details, click the link below...

TB Auction Results Summary 19 October 2021  | 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