Malawi dismisses Kwacha further devaluation rumour

The Reserve Bank of Malawi (RBM) has said it has no plans to further devalue the Malawian Kwacha as there is no reason to do so.

The Reserve Bank of Malawi (RBM) has said it has no plans to further devalue the Malawian Kwacha as there is no reason to do so.

The Reserve Bank of Malawi has announced a 25 percent devaluation of the Malawi Kwacha effective May 27th, 2022 to align to around the marker clearing level.