Find out why this devaluation was unavoidable
The Reserve Bank of Malawi on Wednesday endorsed the parallel market exchange rate of K1,700 to a United States Dollar from an earlier K1180.29. In the statement released by the Governor of the Bank, Wilson T. Banda, the new exchange rate is with effect from today 9th November 2023. For the Malawi Confederation of Chambers of Commerce and Industry (MCCCI),...
