Email a copy of 'Malawi to legalise  forex black market traders: Kwacha trading at around K730 to a dollar' to a friend

* Required Field






Separate multiple entries with a comma. Maximum 5 entries.



Separate multiple entries with a comma. Maximum 5 entries.


E-Mail Image Verification

Loading ... Loading ...

Sharing is caring!

5 Comments
newest
oldest most voted
Inline Feedbacks
View all comments
Winston Msowoya
Winston Msowoya
7 years ago

Legalizing FOREX BLACK MARKET TRADERS? It is not astonishing.The State itself is run by the combination of local and international mafias.SCARY is it not?

James
James
7 years ago

Long overdue.

Chanco Economist osati wa Bunda kapena Poly Ayi
Chanco Economist osati wa Bunda kapena Poly Ayi
7 years ago

That is a decision in the right direction. i have always wondered why Malawi is an exception when it comes to Foreign currency regulations that make sense (common sense which does not even need a seasoned economist like myself). Another thing they need to do is to allow those people who have FCDA accounts to receive cash in the currency (USD, GBP, Euro, Rand etc) of their choice. let the dollar flood the market (everyone knows GOLD is expensive because it is Scarce-so learn from that inference). That way the market principles of Supply and Demand will automatically stabilize the… Read more »

nyapambi
nyapambi
7 years ago

Ma decision achi Malawi! aaaah sad! What is this? Where in the world is this being practised? Go on start regulate that ndipomwe mutaone kusowa kwa forex mmabank, frequent money related robberies, and high degree of money laundering.

Mbangi johnson
Mbangi johnson
7 years ago

Bushnomics

Read previous post:
Goodall says IMF, World Bank imposed anti-corruption bureau to Malawi: Grilled on BBC why no minister has been charged of ‘cashgate’

Finance Minister Goodall Gondwe told BBC News that governance institutions such as the Anti Corruption Bureau (ACB) were imposed by...

Close