Standard Bank - BOL to Wallet

RBM Yet to Determine Market Value of Kwacha

The Reserve bank of Malawi (RBM) has not determined the market value of the kwacha following a forex auction on Friday.

Governor for the central bank, Dr. Wilson Banda, who was expected to inform the public details of the auction yesterday, said in a statement that the bank cannot make a determination now as only three out of the eight authorized dealers participated.

An economist Betchani Tchereni, however, wonders why the bank has not released such information on how much was offered and whether trading took place.

Read 1396 times

Last modified on Wednesday, 18/01/2023

Login to post comments

NEWS IN BRIEF

Unknown Man Shoots Himself Dead at Chitipi

Last night a man has shot himself dead at Chitipi…
Read more...

Churches Urged to Pray For Piece Ahead of 2025 Elections

Churches have been urged to pray for the nation and…
Read more...

High Import Tax Humpering Progress of Digital Malawi Project

BengolNet, a contractor in the Digital Malawi project has bemoaned…
Read more...

Lucius Banda's Death a Big Blow to UTM

The UTM party has described the death of Musician- cum…
Read more...

German Ambassador Leads Blood Drive Amid Malawi's Critical Shortage

The German ambassador to Malawi says the persistent shortage of…
Read more...
Go to top
JSN Time 2 is designed by JoomlaShine.com | powered by JSN Sun Framework