Step 3 - Obtaining CD1 Form

The Currency Declaration Form (Form CD1) is legally required foreign exchange / currency control document (Exchange Control Act) that must be submitted by the exporter’s commercial bank on behalf of the exporter to the Reserve Bank of Malawi (RBM) for any export valued at more than 5000 USD. See attached noteYou can now retain 100% of your forex see attached press release here.

 

Entity in Charge

Commercial Banks

Required Paperwork: 

In order to complete the Currency Declaration Form, the applicant needs the following two documents:

·         Application

·         Commercial Invoice

Time and Cost:

The process takes 1 day and has no cost.

The Process:

The process to complete the Currency Declaration Form requires the following three steps/office visits:

1.      Go to commercial bank to pick up Currency Declaration Form application (each application has a unique serial number; as a result, applications cannot be emailed or duplicated).

2.      Return one day later with completed Currency Declaration Form and Commercial Invoice.

3.      One day later, return to commercial bank to pick up Currency Declaration Form.

Validity:

The Currency Declaration Form is valid for six months from the date of issue and three months from the date of export.

Recourse:

 If you do not receive Currency Declaration Form within the specified time and you have not been given a valid reason for this please contact –

The Director
Bank Supervision Department
Reserve Bank of Malawi

 

P. O. Box 565
Blantyre
Malawi
Tel. No.: (265) 1 820 999
Fax No.: (265) 1 821 311
Email: 
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