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Tan'gatan'ga
Tan'gatan'ga
8 years ago

We must put in place laws and policies which will close the import and export gap until we are a net exporter. Some of the policies are such as: 1.Ban importation of locally available items regardless of the local prices. 2.Subsidize value addition to our exports. 3.Subsidize production and diversification of export goods such as coffee, macademia etc rather than relying on tobacco alone. 4.Increase taxes on luxury goods such as huge flat screen T.V.s etc. 5.Level the playing field between foreign and indigenous investors. 6.Agressively revamp tourism without undue restriction and regulation in the industry. 7.Urgently by all means… Read more »

sam
sam
8 years ago

The kwacha is nosediving and it will not stop unless Reserve Bank introduces the following 1/ Exporters to keep only 50% of there export proceeds the other 50% they should immediately convert to Kwachas,, currently they are keeping 100%, and they are haording forex and forcing banks to revise rates upwards everyday 2/ The Plus minus deprecaition limit of 0.25 per day and 0.5% per day should be scrapped it is not working it favours depreciation and will not allow the kwacah to appreciate. Unless keep the 0.25% limit for depreciation but for appreciation it should be allwoed to appreciate… Read more »

Zuze
Zuze
8 years ago

As long as Goodall or Badall is Finance Minister and Chuka or Tchuka is RBM Governor Malawi Kwacha will continue to depreciate. These guys are clueless

Drake
Drake
8 years ago

The Reserve Bank is run by people who are also speculators, why overdepreciate our currency? It is high time the Governor and his deputies need to be replaced, in fact these people were supposed to be replaced last year. When you depreciate a currency it means you are killing low income earners and rular population, the businessman will simply adjust to suit the equivalent of the unit. Malawians need a proper explanation from the Minister and Reserve Bank because what they have done has not improved our economy but worsening it. We are an importing nation so what you have… Read more »

paul
paul
8 years ago

Let us just accept the Kwachas trading days are numbered, we will be dollarised like Zimbabawe. How can there be such volaitilty poor governance

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