Gross forex reserves for Malawi shrunk from $605 million in August 2022 to $326 million by October 2022, the latest Word Bank Malawi Economic Monitor (Mem) shows. The World Bank indicates that the latter amount is equal to 1.3 months of import cover. According to the report, the reserves have mainly been supported by swaps …
The post Forex situation remains shaky appeared first on The Times Group Malawi.
