How To End Malawi’s Forex Crisis: A Villager’s Perspective

1. No measure highlighted whatsoever to generate forex, which is the real solution. Push for FDI and industrialization is the only tangible solution, though it takes time to realise.

2. Malawi imports $3.2Bn and Exports $0.9Bn
   oec.world/en/profile/country/Malawi

   All the suggestions are high cost bureaucratic measures that don’t address the underlying issue, that Malawi buys more than what it sells.

3. All these ideas and priscriptions are great. However its very difficult to implement them when the state machinery itself is the architect of these fraudelent acts. Chakwera and his cronies the kamwendos of this country must be stopped first ifanythibg is to work.

4. Those businesses that import goods for sale should be forensically audited. I suspect the obtain forex from the banks at official rates but over value the costs of the imports to obtain more forex than is needed and either bank the surplus overseas by carrying cash out of the country or selling it on the black market. The black market for forex is not so much on the streets of Malawi but businesses selling their excess MK profits to those remitting forex to Malawi.

5. What About the Chinese who all closed their shops and went to the new-years holiday. What dd the carry to China.(MALAWIAN FOREX DOLLA) Why are we sleeping. Since we introduced these people to our land what we are getting is less that what they are taking from us.

6. I agree it’s the same thing l have been wondering about,but the elimination of black market will cause alot of disagreements but it’s the best way to go👍😅

7. ~The Only Stumbling Block To Anything In Malawi Allocation Of Poor/Different Personnel To Man Specific Expertise.
   ~Nyansalande Is Steeped In The Clear History of Politicking Everything & Pocketing Anything {The Politicrat & Technocrat Looting}.
   ~We Are In The Move To Improve Exports, Yet What We Export Is Of Poor Quality, Low Quantity, Falling Even Short Of Our Own Domestic Consumption {What We Regard Our Major, Beffiting Exportation For Forex, Is Only a Micro~Minor Interms Of Production In The Target Nation}.
   ~We Are Bound & Deemed To Change The Entire “Political & Public System; We Are Tired Of Fake Systems, Benefiting The Only “few”.

8. I think you have missed one very important point. Immigrants, non indigenous Malawians. These people should not be involved in businesses that can otherwise be done by Malawians. The money that Burundians and Indians are making they go to their countries as dollars and not Kwachas. Ban all Burundians (and Indians) from operating shops that can be done by Malawians. Bottled water should only be handled by our water boards. Ban Indians from this simple and profitable business. Chicken feeds and chicken should be handled by indigenous Malawians. Ban Indians from dealing with chickens and chicken feeds. Chicken business generate a lot of money and the Indians are the main beneficiary of this business. Take a leaf from Botswana. Malawi needs strong leadership like Magufuli otherwise awawa-awa satithandiza olo pang’ono. Sleeping beauty queen’s.

9. We can do all these things and on top of that we need to produce more than what we consume.

   Deliberatly we should produce more to add value and sell them.

   It is not the duty of the government to produce forex.
   The government manages the available forex.

10. All these proposals are symptom management measures only. Deal with real causes at Malawi value addition initiatives to raise standards from production/ raw material level to export quality at all levels of exporting: 1) to our neighbors and all other African countries. 2) Export beyond the African continent to other continents of the world. 3) Government to develop a robust export infrastructure with reliable transportation/ road/ railway/ Air Cargo services to critical market destination
    3) Robust mining infrastructure that include established mineral testing/ identification services within the country. 4) Stop sell of extracted minerals in their raw state. Do Value addition to all minerals extracted and sale them at a better value. 5) Malawi must focuse on production & value addition and export enterprises and reduce her appetite for consumption imports.

    1. to add on you Malawi should change market orientation whereby instead of exporting raw materials we should start exporting processed goods. Malawi government should also protect infant industries owned by Malawians by imposing heavy tariff on imports that are in Malawi also produced

    2. Tht means you want Malawi to be turned into china or america

    3. That’s true, all these are required

    4. When the leadership fail to lead by example its difficult for others to follow

11. On point!!! These policies can curb illicit for example dealings and force people in diaspora to make direct remittances to local banks.

    1. People in the diaspora can’t be forced to remit to local banks unless the price for forex is right. Gov should solve the disparity between official bank rates and black market rates.

    2. Diaspora would never use formal.channels to remit their funds as long as the forex is used for entourages on unnecessary foreign trips by chakwera and his corrupt syndicate.

12. This is the most retrogressive way to improve forex I have ever come across. The answer lies in deregulation of forex so that it is freely available and increasing our export base. Relying on tobacco is bad news while we have all the potential to export other commodities. Forex regulation creates black markets while the formal markets run dry. This is why banks have no dollars now. Were they allowed to sell at market rates there would be dollars every where and the black market would crumble.

13. Very practical koma mudana ndigulu🤣🤣🤣

14. I agree

15. Way to go!

16. Good Heads up and Views.

    In addition to this, I strongly suggest employing barter trading in exchange for our minerals and external technologies, fuel, vehicles and other important and essential imports.

    Let’s produce more for exports.

    Buy a leaf from Birkinabe president Ibrahim Traore”s policies and in roads (breakthroughs)

    1. This is part of insane people are coming up with some good ideas something that could happen years ago but now it is a news to talk about while the majority are panicking, we have been talking pls stop depending on these people pretending to be our helpers but they will take us no where, let’s get on our own feet from scratch we still have some good examples standing by our side like Captain Ibrahim who’s doing better and ready to give us a hand, or let’s join brics so that we can start trading with our own local currency BUT Nooo the government is chewing quiet about this still are the one destroying our country stealing every corner, okay even just paying attention to the the young man among us Dennis Mahata I have been watching that guy look at his understanding and how to do things in fact I learned something from that guy and am sure that we do not have a president unfortunately, the government it’s self should accept crypto currency for our own good in this country otherwise you’re busy setting a gate while there no fance

17. Easier said than done

18. We just need to act now or never

19. That’s a good idea and I agree with you.

20. Wow

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