The Reserve Bank of Malawi (RBM) says it is facing competition in buying gold from artisanal miners who are also selling directly to foreigners and smuggling some of it outside the country.

The Mangochi Senior Resident Magistrate's Court on Monday convicted and ordered five women and a male to pay fines between K100, 000.00 to K350, 000.00 for damaging and soiling Malawi Kwacha banknotes which is contrary to section 54(2)(c) of the Reserve Bank of Malawi Act.

Reserve Bank of Malawi has agreed with banks and microfinance institutions to extend moratorium on payment of interests and principle loans in response to COVID-19 pandemic.

The Reserve Bank of Malawi (RBM) says only 3% Malawians access credit from formal financial institutions.