Pressure is still mounting on local unit, the Kwacha, as it continued depreciating against other major currencies on the foreign exchange market. As of Wednesday, the Kwacha was trading at around K820 to a dollar in some authorised dealer banks (ADB) compared to K965 on the parallel market, creating a spread of K145. For the …

The post Kwacha grip remains loose appeared first on The Times Group Malawi.