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Reserve Bank · MalawiThe Reserve Bank of Malawi (RBM) has dismissed any plans to devalue the Malawi Kwacha, either now or in the near future, stressing its commitment to maintaining currency stability. In a statement released today on its official Facebook page, RBM Governor Macdonald Mafuta Mwale said the Bank’s focus is on building up the country’s foreign exchange reserves rather than weakening the Kwacha a move he warned often leads to serious economic disruptio…See the Story
RBM Insists No Kwacha Devaluation Despite IMF Call
Economy · MalawiEconomists have partly attributed the sluggish growth of the local economy in recent years to the scarcity of forex and intermittent fuel supply. Economics Association of Malawi (Ecama) President Bertha Chikadza said the country faces a large import demand that has been increasing over time without corresponding growth in forex generation, a situation that is affecting growth. To read more, click https://times.mw/etimes/See the Story
