Reserve Bank sees continued kwacha stability - The Nation Online

Reserve Bank sees continued kwacha stability - The Nation Online:

The Reserve Bank of Malawi (RBM) has expressed confidence that the kwacha and the 

exchange rate will remain stable in the short to medium-term. 

RBM spokesperson Mbane Ngwira said this in the context of the disbursement on Friday of 

S84-3 million (K62 billion) by the World Bank in budget support. 

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Kwacha depreciation hits 28.5%, worse than last year | The Times Group

Kwacha depreciation hits 28.5%, worse than last year | The Times Group: "Malawi Kwacha has depreciated by 28.5 percent compared to a 14.5 annual depreciation rate recorded during the same period last year. And according to a report released by advisory firm, Nico Asset Managers, the local unit will continue to depreciate as the lean season advances. As at November 30, 2015, Authorized Dealer Banks were trading the kwacha at K604. 84 to the dollar but as at close of business on Wednesday, the kwacha was on average trading at K627 in exchange for the dollar."



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