By Chisomo Phiri
The Reserve Bank of Malawi (RBM) has denied rumors circulating on social media that it plans to introduce a K10,000 banknote.
Social media was awashed with reports that the central bank intends to release the bank note on the market next week Wednesday.
The claims quoted the RBM Governor, Dr. Macdonald Mafuta Mwale that he made the disclosure.
However, posting on its official Facebook page, the bank has distanced itself from the reports describing them as fake news.
The current RBM’s highest denomination note in circulation is the K5,000 note, introduced in 2022.
