Malawi Kwacha depreciates 7% in eight months | The Times Group: The Malawi Kwacha lost value by 7.1 percent against the United States dollar in the first eight months of 2016, according to a report.
Announcing the figures in its latest Monthly Economic Brief, Nico Asset managers attributed the fall to the strengthening of the dollar against other currencies as well as low tobacco prices and high rejection rates that have negatively affected inflow of foreign currency to the country.
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