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Monday, May 7, 2012

Devaluation speculation: Reserve Bank to announce now

The Reserve Bank of Malawi will hold a Press Conference this morning on currency adjustment. This blog will tell you the rates as soon as announced. It is expected to be devalued by 50 percent. The Kwacha will now trade around K245 to K255.
President Joyce Banda said this is expected to be a bitter but unnecessary pill for Malawi

3 comments:

Laston said...

Ndalama zivute tsopano! man your blog looks nice now with the new layout.

Laston said...
This comment has been removed by the author.
maso pasogolo said...

Don't expect any pay rise, words from the Reserve Bank Governor.
What do you say about it.