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44% devaluation objective yet to be met—World Bank

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The November 2023 devaluation of the Kwacha by 44 percent is yet to translate into significant supply of foreign currency on the local market, the World Bank has said. In its bi-annual publication, the Malawi Economic Monitor (Mem), issued last week, the Bretton Woods’ institution says there is continued spread and uncertainty about the credibility […]

Source: The Times Group Malawi - Breaking news, politics, sports, entertainment and more - The Times Group Malawi

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