CurrenciesAnalysis
Currency monitor: the Malawian kwacha's 5.8% slide in 2026, explained
CBAN Editorial Team · 21 Jul 2026 · 5 min read
Southern Africa
Malawi
Reserve Bank of Malawi (RBM) · Governor MacDonald Mafuta Mwale (since 2025) · Malawian kwacha (MWK)
- Policy rate
- 26.00%
- Inflation (y/y)
- 27.3%
- GDP growth
- 3.2%
- Nominal GDP
- $11bn
- MWK per USD
- 1,751
- FX YTD vs USD
- -5.8%
- FX reserves
- $0.6bn
- Next MPC
- 9 September 2026
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