Lilongwe - Malawi will devalue its kwacha currency to smooth negotiations with the International Monetary Fund, which is considering a request from the Southern African state for a new financing ...

Malawi's central bank scrapped its kwacha peg on Monday and allowed the currency to devalue by 50 percent, heeding calls from the IMF to cut what was seen as an artificially high exchange rate ...

BLANTYRE, Nov 8 (Reuters) - Malawi's central bank said in a notice to authorised dealer banks seen by Reuters that it was devaluing the local kwacha currency's exchange rate to the dollar by about ...

One thousand seven hundred kwacha will now be needed to buy one US dollar, up from 1,180, its statement said. It is the second time in 18 months that Malawi, one of the poorest countries in the ...

Reserve Bank of Malawi has devalued the kwacha currency by about 10 percent against the U.S. dollar to 165, it has been reported. According to a Reuters report, unnamed bank source said on Monday ...

Following mountainous pressures from the donor community and International Monetary Fund (IMF), Malawi has cowered and is doing something about its overvalued currency, the kwacha. Reserve Bank of ...

With the floatation, the Kwacha has now moved from K140 per dollar to K144. The Malawi Confederation of Chambers of Commerce and Industry (MCCI) however, still thinks the devaluation should have ...

The Reserve Bank of Malawi has said that the country's local currency, which has been in free fall in recent months, was stabilizing. "The kwacha is now trading at around 492.3 Malawi kwacha to ...

Floods are the latest disaster to hit Malawi’s currency, already in the throes of an Africa-wide selloff. The kwacha is the world’s worst performer after the currencies of neighboring Zambia ...