{"id":25814,"date":"2022-07-03T21:00:30","date_gmt":"2022-07-03T21:00:30","guid":{"rendered":"https:\/\/www.africa-press.net\/malawi\/all-news\/finance-minister-quashes-further-devaluation-rumours"},"modified":"2022-07-03T21:20:49","modified_gmt":"2022-07-03T21:20:49","slug":"finance-minister-quashes-further-devaluation-rumours","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/malawi\/all-news\/finance-minister-quashes-further-devaluation-rumours","title":{"rendered":"Finance Minister quashes further devaluation rumours"},"content":{"rendered":"

Africa-Press – Malawi. <\/strong><\/span>Malawi\u2019s Minister of Finance, Sosten Gwengwe, has quashed rumours that government intends to devalue the Kwacha further as Malawians are lamenting and feeling the painful pinch of the already 25% devaluation last month.<\/p>\n

Gwengwe was speaking to reporters on Monday morning in Lilongwe after meeting the International Monetary Fund (IMF). \u201cAs Malawians, we should be pulling together on one side because it\u2019s very saddening to hear some other Malawians scaring the market and everybody that there will be another devaluation.<\/p>\n

\u201cThat is coming from people who do not wish this country well, because they if they were people who are enlightened and they know what they are talking about, they should have referred to the article 4 consultation that the IMF released in December 2021 which clearly said that the misalignment of the Kwacha was 25%,\u201d explained Gwengwe.<\/p>\n

The 25% devaluation has resulted in higher prices of commodities and services but President Dr Lazaruz Chakwera says the devaluation will pay dividends as time goes by.<\/p>\n

For More News And Analysis About Malawi<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Malawi. Malawi\u2019s Minister of Finance, Sosten Gwengwe, has quashed rumours that government intends to devalue the Kwacha further as Malawians are lamenting and feeling the painful pinch of the already 25% devaluation last month. Gwengwe was speaking to reporters on Monday morning in Lilongwe after meeting the International Monetary Fund (IMF). \u201cAs Malawians, […]<\/p>\n","protected":false},"author":84,"featured_media":25813,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[233,371,234],"class_list":["post-25814","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-africa-press","tag-africa-press-malawi","tag-malawi"],"yoast_head":"\nFinance Minister quashes further devaluation rumours - Malawi<\/title>\n<meta name=\"description\" content=\"Malawi\u2019s Minister of Finance, Sosten Gwengwe, has quashed rumours that government intends to devalue the Kwacha further ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/malawi\/all-news\/finance-minister-quashes-further-devaluation-rumours\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Finance Minister quashes further devaluation rumours\" \/>\n<meta property=\"og:description\" content=\"Malawi\u2019s Minister of Finance, Sosten Gwengwe, has quashed rumours that government intends to devalue the Kwacha further ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/malawi\/all-news\/finance-minister-quashes-further-devaluation-rumours\" \/>\n<meta property=\"og:site_name\" content=\"Malawi\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-03T21:00:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-07-03T21:20:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/07\/postQueueImg_13-62c208139176b.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"713\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/finance-minister-quashes-further-devaluation-rumours#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/finance-minister-quashes-further-devaluation-rumours\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Finance Minister quashes further devaluation rumours\",\"datePublished\":\"2022-07-03T21:00:30+00:00\",\"dateModified\":\"2022-07-03T21:20:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/finance-minister-quashes-further-devaluation-rumours\"},\"wordCount\":180,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/finance-minister-quashes-further-devaluation-rumours#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/07\/postQueueImg_13-62c208139176b.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Malawi\",\"Malawi\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/malawi\/all-news\/finance-minister-quashes-further-devaluation-rumours#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/finance-minister-quashes-further-devaluation-rumours\",\"url\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/finance-minister-quashes-further-devaluation-rumours\",\"name\":\"Finance Minister quashes further devaluation rumours - 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