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The Malawi central bank, Reserve Bank of Malawi (RBM), has in its weekly financial brief indicated that official foreign exchange reserves it has continued to decline, a development that means the country could be headed towards a forex crisis. According to the bank, the forex reserves declined to US$471.1 million which translates to just 1.88 […] ....
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December 28, 2020 Watipaso Mzungu – Nyasa Times 43 Comments The Centre for Democracy and Economic Development Initiatives (CDEDI) has questioned the decision by the Governor of the Reserve Bank of Malawi, Dr. Wilson Banda, to keep quiet while officials at the central bank are leaking results of the forensic audit at the central bank. Dr Wilson Banda Reserve Bank of Malawi Governor Nyasa Times understands that the central bank has been conducing a forensic audit whose report is supposed to be released in February 2021. However, some bits and pieces of the findings have already found their way to the social media. This has raised the eyebrows of the CDEDI executive director, Sylvester Namiwa, who suspects that this could be a calculated move targeting specific individuals from one region and tribe. ....