RBM installs Currency Machines

The Reserve Bank of Malawi has commissioned two new currency processing machines as part of the central bank’s efforts to strengthen security measures against counterfeits, and also enhance the production and sorting of banknotes circulating in the economy.

The bank says the commissioning of the two currency processing machines brings the total number of such machines in the country to six and will help enhance the processing, cleaning and sorting of the banknotes to ensure that only quality currencies are running in the economy.

The machines are supplied by global currency printer, G and D.

In a related development, the new K5,000 banknote launched in February this year has won a global award for the best currency for 2022.

Dominic Fleischer, Vice President of Key Account Management African Countries Banking Solutions at G and D, says the banknote emerged the best in terms of security features and uniqueness of the images on the note out of a basket of other currencies produced in the world around the same time.

G and D are currently the official printers of Malawi’s K1,000, K2,000 and K5,000 banknotes.