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Malawi kwacha: 44% drop in value against US dollar sparks unease

2023-11-09 17:05
The 44% fall in the kwacha's value will make imports dearer but some argue it was long overdue.
Malawi kwacha: 44% drop in value against US dollar sparks unease

Malawi's currency has lost nearly half its value against the US dollar, sparking concerns from some consumers in the Southern African country that basic goods will soar in price.

Others have hailed the central bank's devaluation move as "overdue".

The bank's 44% decrease was brought in to...