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Tuesday, February 16, 2016

RBM happy with reserves position | The Times Group

RBM happy with reserves position | The Times Group: "he Reserve Bank of Malawi (RBM) says despite the continued depreciation of the Malawi kwacha currency, it is comfortable with the level of foreign exchange stocks in the country both at the central bank and within the private sector.

Latest figures show that Malawi is currently sitting on about US$900 million in foreign exchange reserves, of which US$600 million is at RBM while US$300 million is with commercial banks"



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