Includes how foreign exchange is managed and implications for U.S. business.

The Malawi kwacha has freely floated since it was unpegged from the U.S. dollar in 2012.  Since then, the Reserve Bank of Malawi (RBM) has periodically intervened in the foreign exchange market.  Though foreign exchange markets operate freely, RBM has the mandate, like any other central bank, to manage the exchange rate in order to maintain a sustainable balance of payments position, attain stable domestic prices, and foster growth in real income.  Learn more about legislation regarding exchange controls.

The major sources of foreign exchange in Malawi are the tobacco companies, the foreign exchange bureaus, donor inflows, foreign direct investments, and sugar, tea and pulses exports.

Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.