Email a copy of 'Devalue kwacha to raise tobacco prices, experts urge Reserve Bank of Malawi' to a friend
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Email a copy of 'Devalue kwacha to raise tobacco prices, experts urge Reserve Bank of Malawi' to a friend
At the opening of the auction floors on Wednesday, President Peter Mutharika was charged for no good reason other than...
Hasn’t it fallen enough? This is economic nonsense. Experts?
U r not serious. Where r u from? Do realy know what you are talking about or you have gone astray from your proffession? Shame on you.
are you a true professor?
economically that is not right, the best is for the buyers to offer better prices
That’s chicken thinking, chicken brains !!!!!
What difference does it make to request buyers to offer good prices such as 3dollars and above that translates to more kwacha if one goes to bank. Currently the dollar is 1 to 690, so if u farmers get 3 dollar upwards i hope they will get same kwachas. Hot debate, what do u think those who advocates for devaluation other than thinking otherwise.
THE MEANING OF DEVALUATION IS TO MAKE WHAT YOU WANT TO VALUE USELESS. THE QUESTION TO BATTLE WITH IS ‘WHY IS OUR KWACHA STRENGTHENED ONLY DURING TOBACCO SALES AND FLOPS AFTER THE SALES?’ IF THIS QUESTION IS ANSWERED, THEN BE THINKING OF DEVALUATION [IF IT CAN WORK IN THOSE LINES OF THOUGHT]. I AM NOT AN ECONOMIST BUT TO DEVALUE WILL MEAN EVERYTHING WILL GO UP. WHAT ABOUT THOSE WHO HAVE NO TOBACCO? THINK TWICE, ACT ONCE AMALAWI.
I though you have been saying our Kwacha is under a floating regime? Why then some people are suggesting text book type of managing the Kwacha? Why should you devalue? This is real short sightedness among the proponents of the devaluation. Mungopasana u profferssor eti? Madyabu apezi.
Do you mean devalueing Kwacha for the sake of tobacco farmers only id meaningful?What about the welfare of poor Malawian tax payers.kugwa kwa kwacha result yake moyo kulimba pa Malawi.Mwatani kodi?
Devaluation of the Kwacha is just one of the curative if not rehabilitative measures. They are desperate solutions in desperate times. The only viable or long term term solution to an economy is the establishment or expansion of a country’s manufacturing base. Any country that is a net importerror will remain in the third world bracket. That is plain truth. Since 1993 which coincided with multiparty dispensation Malawi has witnessed more closure than opening of companies because of selfish politicians who did everything to suffocate companies for their personal gain. I hate it.