By Justin Mkweu:
Malawi’s economy is reeling in a raft of headwinds, a state in which some have recommended devaluation of the local currency as a measure through which it can escape from the whirlpool.
The arguments include that devaluing the currency would align the official exchange rate with that of the parallel market, effectively helping to ease some of the economic pressures such as shortage of forex that has paralysed fuel supply, drugs purchase and pushed businesses into a storm.
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