RBM outlines conditions on application for newly-introduced diaspora foreign currency denominated accounts
* Diaspora FCDAs are foreign currency accounts held in Malawi by Malawian citizens residing outside Malawi * These accounts must not be funded with money that does not originate from Malawi and is not derived from export earnings By Duncan Mlanjira The Reserve Bank of Malawi (RBM) has issued a conditions to be followed when applying for diaspora foreign currency denominated accounts (FCDAs). In a public communique issued on Friday by Deputy Governor-Economics & Regulator, Henry Mathanga, the RBM…









