Stable Kwacha pushes down interbank rate - The Nation Online

Stable Kwacha pushes down interbank rate - The Nation Online





Stable Kwacha pushes down interbank
rate
Orama Chiphwanya O July 30, 2018 0 Comments
The Bankers Association of Malawi (BAM) and a market analyst have said kwacha stability has
pushed down interbank rate (IBR) —rate of interest on short-term loans between banks.
Figures from Reserve Bank of Malawi (RBM) financial market development reports show that
IBR has eased by 13.1 percentage points from 26 percent in January last year to around 12.9
percent this year.

Malawi Kwacha gains ground against US dollar: Economy resuscitating | Malawi Nyasa Times - Malawi breaking news in Malawi

Malawi Kwacha gains ground against US dollar: Economy resuscitating | Malawi Nyasa Times - Malawi breaking news in Malawi: "

The Malawi Kwacha has appreciated against the US dollar from K420  to trade at K380 from Monday this week in what economic analyst say is due to the inflows from the tobacco trade - Malawi’s main foreign exchange earner accounting for more than half of all foreign exchange earnings.

Exchange rates monitored by Nyasa Times from Monday at  National Bank of Malawi, Malawi Savings Bank and Indebank indicate that the Kwacha is this week trading at no more than K380 due to steady flows from tobacco sales."

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