Reserve Bank of Malawi
be established by an Act of Parliament a central bank of the Republic,
known as the Reserve Bank of Malawi which shall serve as the State's principal
instrument for the control of money supply, currency and the institutions
of finance and shall serve generally in accordance with the normal functions
of a central bank.
The Bank shall be controlled
by a Board which shall consist of a chairman and members of the Board who
shall, subject to this Constitution, be appointed in accordance with the
Act of Parliament by which the Bank is established.