RBM REBUFFS K10,000 NOTE INTRODUCTION

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The Reserve Bank of Malawi (RBM) has rebuffed reports circulating on Social Media platforms and around the country regarding possible plans of introducing a K10,000 note .


Governor of RBM Dr Wilson Banda, made these remarks during a press briefing the Country's Central Bank made this Afternoon.


Banda further stated that RBM has no plans to Introduce a K10,000 note because they are  currently working on  appreciating  the country's Currency following it's devaluation and  that the Bank's effort is being directed towards that course .


He then said that it is very unfortunate to see many people doing business in the country taking advantage on the current Kwacha devaluation issue and raising prices of their commodities.


Article by Benjamin GK Nyirenda


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