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The Reserve Bank of Malawi that has been home to ten governors opened with an asset of K15.96million among which K15.2 million was foreign money. Eventually the bank was able to raise its assets through the years. The Reserve Bank Act was revised in April 1989 and the major functions of the bank were being specified under this. After this the bank's duties were outlined as per the national economic interest and the economic policies of the government. Prior to this the Reserve Bank of Malawi reported to the Treasury but post the revision they became autonomous. The bank now has the authority to conduct the monetary policies.
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In 1990 the Reserve Bank of Malawi celebrated their silver jubilee with a rise in their asset amounting to K1.03 billion. The operation of the bank thus expanded in the year during the growth of the financial sector. This necessitated the renovation of the Blantyre branch and makes it spacious and huge.
The notes, which are released from the Reserve Bank of Malawi, have a portrait of John Chilembwe.
Mr. V. Mbewe is the present governor of the bank. Mrs. Mary C. Nkosi is the Deputy Governor of the bank. Dr. Wilson T. Banda- the general manager, Mr. Moza M. Zelera is the Executive Director, Corporate Services; Mr. Tobias Chinkwangwa is the Executive Direcor-Supervision of Financial Services, Mr. Neil WD Nyirongo- the Exevutive Director of Treasury.
