Email a copy of 'Kwacha to stabilise, no collapse of Malawi economy - Reserve Bank governor' to a friend
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Email a copy of 'Kwacha to stabilise, no collapse of Malawi economy - Reserve Bank governor' to a friend
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Former director of water in the Ministry of Agriculture, Irrigation and Water Development Osborne Shela, was on Saturday voted regional chairman for...
this is so unreasonable. its not stable yet! imagine the difference just for a short while; k169-k735/750? is this not a k1000? lets call a spade a spade and not otherwise. focus on the strategies that will make it regain the value and not sitting back and contented like this, this is being chicken headed!!
What kind of collapsing do you mean? Mr. Chuka if you don’t have anything tangible to share with amphawi koma odzitsata just remain silent. Malawi has already collapsed. You mean you can’t see for yourself? From K160 = $1 May 2014 to K750 =$1 Jan 2016 where is the dividing line, your silly mouth?
Is this tagged, ‘Ha ha ha!’?
People forewarned the practice of “Floating” the currency but a lot of Malawians bought it wholesale saying PP monetary policies were indeed instituted to right the wrongs the previous DPP had brought. Why should the same people turn around now and castigate the same institution they praised just 2 – 3 years ago? For your information what the IMF/World Bank will do is to put on the table policies that won’t work in a Malawian scenario knowing very well that her production base is non-existent. With all the text-book economists abound in the country nothing seems to be promising other… Read more »
Is this overseer of cashgate still the governor? He should have been the first person to be sacked when Peter came to power.
But lo, how can dpp sack their corruption friend who turns a blind eye to huge sums of dubious money transactions?
Unless you are his hosrding some foreign reserves deliberately only to be released at the time you and Goodall say the economy will start to improve, I can’t see how our economy will improve.
All workers civil servats are paid in Malawi kwacha so how can you expect us to understand and appreciate that 338 percent devaluation is good and we are doing better than other countries. ALL items have gone up by 338% but its only the salaries dont go up. SO Chuka please dont give us these stories and accept reality that since 2012 Malawi kwacha is the worst performing currency in the world and something is not right, so stop arguing with World bank accept your monetray policies are not working and change so that kwacha can stabilise. As all this… Read more »
The excessive depreciation this year is due to the blunder by Leserve Bank to allow exporters like Limbe leaf,JTI africa to keep there export proceeds in Dollars in full, after introduction of this 2015 policy these exportes and NGOs send quotes to each bank and force them to offer them higher rates, this has contributed to the Collapse of Malawi Kwacha and the economy. Why give exporters 100% before it was only 60% that helped kwacha to be stable. It is funny when we had less import cover Kwacha is stable and now we have import cover kwacha is nosediving.… Read more »
2014 anawina MCP kwacha sanga dusa 450, koma nsopano mpakana 750 ma economics muna phunzira kuti.
Tchuka is talking nosence, and deserves to be sacked, he has brought Malawi to its knees economically
Mr chuka please we are not in the 90’s or 80’s…….! when will you people learn to accept the truth on the ground?