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Monday, August 8, 2011

Malawi cbank devalues currency by 10 pct: source | African news, analysis and opinion – The Africa Report.com

Malawi cbank devalues currency by 10 pct: source | African news, analysis and opinion – The Africa Report.com: "Malawi cbank devalues currency by 10 pct: source
0 August 8, 2011, 11:40 am

JOHANNESBURG (Reuters) - Malawi's central bank has devalued its currency by about 10 percent to 165 against the U.S. dollar, a Bank source told Reuters on Monday. The Malawian kwacha has been pegged at 150 to the dollar since a devaluation from 138.5 at the end of 2009."

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