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Tobacco dollars continue to stabilise kwacha—RBM
Orama Chiphwanya June 4, 2018 0 Comments
The Reserve Bank of Malawi (RBM) says proceeds from tobacco have contributed to the stability of the kwacha and increased foreign exchange reserves.
In an interview on Friday, RBM spokesperson Mbane Ngwira said: “We cannot rule out the fact that the tobacco dollars are having an impact on the kwacha. There are some purchases that have been done from the market."
'via Blog this'
Tobacco dollars continue to stabilise kwacha—RBM
Orama Chiphwanya June 4, 2018 0 Comments
The Reserve Bank of Malawi (RBM) says proceeds from tobacco have contributed to the stability of the kwacha and increased foreign exchange reserves.
In an interview on Friday, RBM spokesperson Mbane Ngwira said: “We cannot rule out the fact that the tobacco dollars are having an impact on the kwacha. There are some purchases that have been done from the market."
'via Blog this'
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