Analysis: Malawi’s forex squeeze exposes the limits of stabilisation without liquidity
Dalitso Kabambe, the former central bank governor who now leads the opposition UTM party, has put his finger on something Malawi’s official statistics tend to understate: a currency can look “stable” on paper while remaining acutely scarce in practice. His warning that commercial banks are now capping individual foreign-exchange disbursements at just $200 is a […]