{"id":31452,"date":"2022-09-15T19:37:06","date_gmt":"2022-09-15T19:37:06","guid":{"rendered":"https:\/\/www.africa-press.net\/malawi\/all-news\/reserve-bank-refutes-reports-that-k10000-bank-note-on-the-cards"},"modified":"2022-09-15T20:22:15","modified_gmt":"2022-09-15T20:22:15","slug":"reserve-bank-refutes-reports-that-k10000-bank-note-on-the-cards","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/malawi\/all-news\/reserve-bank-refutes-reports-that-k10000-bank-note-on-the-cards","title":{"rendered":"Reserve Bank refutes reports that K10,000 bank note on the cards"},"content":{"rendered":"

Africa-Press – Malawi. <\/strong><\/span>Officials from central bank, the Reserve Bank of Malawi, say there are no plans to release into circulation a K10,000 banknote. This follows social media reports circulating in the social media that the central bank intends to introduce the banknote in October 2022.<\/p>\n

A statement signed by Reserve Bank Governor, Ted Wilson Banda says the bank has no intention of introducing a K10,000 banknote anytime soon. According to the central bank, there are a number of conditions that must be met to trigger issuance of a higher banknote which includes that the highest denomination must exceed 60.0 percent of the total value of currency in circulation.<\/p>\n

However according to Banda, currently this condition has not been met as the ratio is currently at 26 percent. The bank has since described the speculations as false and that the public should regard it as such.<\/p>\n

Democratic Progressive Party (DPP) operatives have been circulating fake news on social media platforms in a bid to discredit President Dr Lazarus Chakwera\u2019s administration that it is failing to fix the economy. President Chakwera said last week that the economy, battered by covid-19 pandemic, war in Ukraine and natural disasters, is now recovering.<\/p>\n

For More News And Analysis About Malawi<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Malawi. Officials from central bank, the Reserve Bank of Malawi, say there are no plans to release into circulation a K10,000 banknote. This follows social media reports circulating in the social media that the central bank intends to introduce the banknote in October 2022. A statement signed by Reserve Bank Governor, Ted Wilson […]<\/p>\n","protected":false},"author":84,"featured_media":31451,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,12],"tags":[233,371,234],"class_list":["post-31452","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-policy","tag-africa-press","tag-africa-press-malawi","tag-malawi"],"yoast_head":"\nReserve Bank refutes reports that K10,000 bank note on the cards - Malawi<\/title>\n<meta name=\"description\" content=\"Officials from central bank, the Reserve Bank of Malawi, say there are no plans to release into circulation a K10,000 ba ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/malawi\/all-news\/reserve-bank-refutes-reports-that-k10000-bank-note-on-the-cards\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reserve Bank refutes reports that K10,000 bank note on the cards\" \/>\n<meta property=\"og:description\" content=\"Officials from central bank, the Reserve Bank of Malawi, say there are no plans to release into circulation a K10,000 ba ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/malawi\/all-news\/reserve-bank-refutes-reports-that-k10000-bank-note-on-the-cards\" \/>\n<meta property=\"og:site_name\" content=\"Malawi\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-15T19:37:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-09-15T20:22:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/09\/postQueueImg_2-6323894d73729.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"652\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/reserve-bank-refutes-reports-that-k10000-bank-note-on-the-cards#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/reserve-bank-refutes-reports-that-k10000-bank-note-on-the-cards\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Reserve Bank refutes reports that K10,000 bank note on the cards\",\"datePublished\":\"2022-09-15T19:37:06+00:00\",\"dateModified\":\"2022-09-15T20:22:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/reserve-bank-refutes-reports-that-k10000-bank-note-on-the-cards\"},\"wordCount\":217,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/reserve-bank-refutes-reports-that-k10000-bank-note-on-the-cards#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/09\/postQueueImg_2-6323894d73729.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Malawi\",\"Malawi\"],\"articleSection\":[\"all news\",\"head lines\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/malawi\/all-news\/reserve-bank-refutes-reports-that-k10000-bank-note-on-the-cards#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/reserve-bank-refutes-reports-that-k10000-bank-note-on-the-cards\",\"url\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/reserve-bank-refutes-reports-that-k10000-bank-note-on-the-cards\",\"name\":\"Reserve Bank refutes reports that K10,000 bank note on the cards - 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