The Manual also addresses the issue of completing relevant exchange control forms. These forms have been reviewed to conform to the 5th Edition of International Monetary Fund’s Balance of Payments Manual. Bankers, importers and exporters will recall that we had numerous forms. These have now been harmonized and we are now talking of three only.
The manual contains instructions on how authorized dealer banks should process Exchange Control applications for, among other things, advance payment for imports: You will recall ladies and gentlemen, that these have always been referred to Reserve Bank of Malawi for approval.