Malawi RBM Tightens Forex Controls Amid Deepening Crisis

Persistent foreign exchange woes have reached crisis levels with reserves stuck below the recommended three-month cover, forcing Reserve Bank of Malawi (RBM) to tighten controls on the possession and movement of foreign currency. RBM data for July 2026 show that total foreign exchange reserves fell to $600.6 million, equivalent of 2.4 months of import cover, … The post Forex crisis deepens, RBM tightens controls appeared first on Nation Online.