Monday, April 22, 2024

Tag Archives: RBM

NationalNews

Reserve Bank devalues the Kwacha in a bid to rescue economy

The central bank of Malawi has devalued the country's local currency with 25% against major currencies, an official statement by the Reserve Bank of Malawi indicates. Reserve Bank Press Release on devaluation of Malawi Kwacha in May 2022 The development comes a day after talks with the International Monetary Fund (IMF) began on Wednesday in Lilongwe. The IMF is in...