K5,000 NOTE IN THE OFFING

Written by  MBC Online
Malawi will soon have a K5,000 banknote.
Mlusu addressed the media Mlusu addressed the media
23
November
This is the highest after the country introduced the  current K2,000 banknote in 2016.
 
Disclosing this to Journalists on Tuesday in Lilongwe, Reserve Bank Governor, Dr Wilson Banda said the new note will be in circulation from the 24th of February next year. 
 
In a live address on MBC Television, Banda said the development is in response to Malawi's currency management policy. 
 
He has further disclosed that the central bank will embark on a nationwide campaign to sensitise the masses on the same. 
 
 #MBCNewsLive

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