Figures from the Financial and Economic Review report released by Reserve Bank of Malaw RBM, show that Malawi’s net official foreign exchange reserves surpassed the three months minimum requirement with an overage of $145.8 million during 2019 fourth quarter.

The report shows that year on year, the reserves registered an almost double overage compared to $52.5 million recorded in the same period in 2018. However, by the beginning of this month it was reported that dollar stocks in commercial banks have been on the decline, as commercial banks are now trading the Kwacha between K740 to K745 to a dollar.

According to (RBM) Governor Dalitso Kabambe, the current forex scarcity in some commercial banks of the country, is seasonal.