The Reserve Bank of Malawi (RBM) has devalued the Malawi Kwacha from K1,180 to K1,700 against the United Stated dollar. RBM Governor Wilson Banda has confirmed the 44 percent devaluation of the Kwacha which is effective midnight. According to Banda, this follows the supply-demand imbalances which remain on the market despite previous adjustments of the […]

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