Malawi’s foreign exchange reserves up to 2.5 months "
Records from the Reserve Bank of Malawi indicate that the country’s import cover has this week increased from 65 days to 72 days.
This comes barely days after tobacco registered total earnings of $233.8 million from 113 million kgs sold so far.
Malawi needs a monthly import cover of $188.1 million and the central bank says gross official reserves increased to $452 million from $404 millio"
'via Blog this'
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