MSB Forex Bureau is a wholly owned subsidiary of Malawi Savings Bank and was incorporated in August 2006. The Bureau was set up to trade (buy and sell) forex to individuals wishing to travel outside the country for business or pleasure and also those foreigners coming into the country and require the local currency (Malawi Kwacha).
The bureau buys and sells United States Dollars, British Pounds, European Euros and South African rands.
MSB Forex Bureau buys sells forex to any Malawian with a valid passport or foreigners who have resided in the country for a period of over 6 months and have valid work permit. It also buys forex from both Malawians and foreigners. As a registered Bureau, MSB Forex Bureau adheres to rules and regulations of the Reserve Bank and will not sell forex beyond the limits prescribed by the Central Bank. At MSB Forex Bureau customers are assured of availability of forex at all times. “This is why our Bureaus are popular because we always have forex. If we do not have what the customers are looking for, we always have alternatives for our clients and one does not need to be a Malawi Savings Bank customer to buy forex from our Bureaux.” said Dora Banda, MSB’s Marketing Manager.
|