The kwacha has once again been devalued
Faced with a shortage of forex and an economic slump for which it needs an International Monetary Fund loan, Malawi has deliberately weakened its own currency
Kwacha
Bank of Zambia calls emergency meeting as kwacha hits record low
Zambia’s central bank has called an emergency meeting to discuss the recent drop in its currency, the kwacha.
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IMF tells Malawi to devalue kwacha again
The International Monetary Fund has told Malawi to devalue its kwacha to address its foreign exchange shortage and stem its thriving black market.