Donor-dependent Malawi devalues kwacha by 25% as forex runs low
Published on: Thursday 26 May 2022
Donor-dependent Malawi devalued its kwacha currency by 25% on Friday, the central bank governor said, announcing a return to a market-determined foreign exchange rate regime to prop up dwindling foreign currency reserves.
News source: https://www.reuters.com/world/africa/donor-dependent-malawi-devalues-kwacha-by-25-forex-runs-low-2022-05-27/
