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Labrish
Nyuuz
Reserve Bank of Malawi threatens exporters with legal action
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[QUOTE="Queen, post: 85977, member: 27"] Malawi’s central bank is done asking, exporters must send earnings home or face court. Final warning and deadline [LIST] [*]The Reserve Bank of Malawi issued a last call to exporters. [*]Threatened court action if money stays abroad past the deadline. [*]Set compliance cutoff at 31 January 2026. [/LIST] Legal rules and penalties [LIST] [*]Henry Mathanga signed the notice as Deputy Governor. [*]Pointed to the Foreign Exchange Act of 2025. [*]Cited Repatriation of Export Proceeds Directive of 2025. [*]Requires earnings return within 120 days. [/LIST] Noncompliant exporters snapshot [LIST] [*]Reserve Bank of Malawi named 25 exporters. [*]Listed unpaid and unreconciled balances. [*]Total exposure sits near US$16.56 million. [*]Presumes receipt unless firms prove otherwise. [/LIST] [/QUOTE]
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Labrish
Nyuuz
Reserve Bank of Malawi threatens exporters with legal action
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