The gap for the Malawi Kwacha rate against the United States (US) Dollar remains wide between authorised dealer banks (ADBs) and the parallel market, a situation financial market analysts and economists attribute to speculation and demand-supply mismatches.
With the official rate at K1,751, the US dollar is trading at K5, 000 on the parallel market, creating a spread of about 186 percent.
The widening gap reflects the severe foreign exchange shortage the country has faced in recent years.
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