Reserve Bank of Malawi seeks autonomy

The Reserve Bank of Malawi has proposed for the amendment of the Malawi constitution so that it can move to a semi-autonomous status.

Samuel Malitoni, General Counsel for the Reserve Bank has submitted to the on-going Constitutional Review Conference in Lilongwe that what the central bank wants is not absolute independence but operational independence.

"Currently it is recommendable and good practice that the central bank operational independence be enshrined not only in the central bank law, b

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