The Reserve Bank of Malawi (RBM) has warned that it may take legal action against 25 exporters over their alleged failure to repatriate export proceeds amounting to $16.56 million.
In a statement signed by RBM Deputy Governor for Economics and Regulation Henry Mathanga, the central bank says the Foreign Exchange Act of 2025 and the Foreign Exchange (Repatriation of Export Proceeds) Directive of 2025 require every exporter of goods or services to repatriate all export proceeds to Malawi within 120 days from the date of export.
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