{"id":56694,"date":"2024-01-15T21:18:59","date_gmt":"2024-01-15T21:18:59","guid":{"rendered":"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-kwacha-falls-by-44-percent"},"modified":"2024-01-15T21:35:18","modified_gmt":"2024-01-15T21:35:18","slug":"malawi-kwacha-falls-by-44-percent","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-kwacha-falls-by-44-percent","title":{"rendered":"Malawi Kwacha falls by 44 percent"},"content":{"rendered":"

Africa-Press – Malawi. <\/strong><\/span>The Reserve Bank of Malawi (RBM) has devalued the Malawi Kwacha from K1,180 to K1,700 against the United Stated dollar. RBM Governor Wilson Banda has confirmed the 44 percent devaluation of the Kwacha which is effective midnight.<\/p>\n

According to Banda, this follows the supply-demand imbalances which remain on the market despite previous adjustments of the exchange rate through the auction system.<\/p>\n

He added that arbitrage opportunities have resurfaced in the market due to mismatch in the exchange in the cash and telegraphic transfer markets. \u201cSpot checks on some market players indicate that the market is able to clear bills at this rate,\u201d said Banda.<\/p>\n

The devaluation comes as Malawi is wooing the International Monetary Fund to approve a new Extended Credit Facility with the country. IMF executive board meets next week to decide the country\u2019s fate.<\/p>\n

The announcement by RBM also comes hours after President Lazarus Chakwera left the country for Saudi Arabia despite the cancellation of the Arab-Africa summit which was set to attend. Chakwera has defended the trip saying he is going to attend the Saudi-Africa summit. It is expected that following the devaluation of the Kwacha, prices of various goods and services, which were already high, will continue to rise.<\/p>\n

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

Africa-Press – Malawi. The Reserve Bank of Malawi (RBM) has devalued the Malawi Kwacha from K1,180 to K1,700 against the United Stated dollar. RBM Governor Wilson Banda has confirmed the 44 percent devaluation of the Kwacha which is effective midnight. According to Banda, this follows the supply-demand imbalances which remain on the market despite previous […]<\/p>\n","protected":false},"author":84,"featured_media":56693,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,12],"tags":[233,371,234],"class_list":["post-56694","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-policy","tag-africa-press","tag-africa-press-malawi","tag-malawi"],"yoast_head":"\nMalawi Kwacha falls by 44 percent - Malawi<\/title>\n<meta name=\"description\" content=\"The Reserve Bank of Malawi (RBM) has devalued the Malawi Kwacha from K1,180 to K1,700 against the United Stated dollar. ...\" \/>\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\/malawi-kwacha-falls-by-44-percent\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Malawi Kwacha falls by 44 percent\" \/>\n<meta property=\"og:description\" content=\"The Reserve Bank of Malawi (RBM) has devalued the Malawi Kwacha from K1,180 to K1,700 against the United Stated dollar. ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-kwacha-falls-by-44-percent\" \/>\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=\"2024-01-15T21:18:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-15T21:35:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2024\/01\/sm_1705341740.568477.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1728\" \/>\n\t<meta property=\"og:image:height\" content=\"1083\" \/>\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=\"2 minutes\" \/>\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\/malawi-kwacha-falls-by-44-percent#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-kwacha-falls-by-44-percent\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Malawi Kwacha falls by 44 percent\",\"datePublished\":\"2024-01-15T21:18:59+00:00\",\"dateModified\":\"2024-01-15T21:35:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-kwacha-falls-by-44-percent\"},\"wordCount\":220,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-kwacha-falls-by-44-percent#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2024\/01\/sm_1705341740.568477.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Malawi\",\"Malawi\"],\"articleSection\":[\"all news\",\"head lines\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-kwacha-falls-by-44-percent#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-kwacha-falls-by-44-percent\",\"url\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-kwacha-falls-by-44-percent\",\"name\":\"Malawi Kwacha falls by 44 percent - Malawi\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-kwacha-falls-by-44-percent#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-kwacha-falls-by-44-percent#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2024\/01\/sm_1705341740.568477.jpg\",\"datePublished\":\"2024-01-15T21:18:59+00:00\",\"dateModified\":\"2024-01-15T21:35:18+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"The Reserve Bank of Malawi (RBM) has devalued the Malawi Kwacha from K1,180 to K1,700 against the United Stated dollar. ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-kwacha-falls-by-44-percent#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-kwacha-falls-by-44-percent\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-kwacha-falls-by-44-percent#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2024\/01\/sm_1705341740.568477.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2024\/01\/sm_1705341740.568477.jpg\",\"width\":1728,\"height\":1083,\"caption\":\"Malawi Kwacha falls by 44 percent\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-kwacha-falls-by-44-percent#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/malawi\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Malawi Kwacha falls by 44 percent\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#website\",\"url\":\"https:\/\/www.africa-press.net\/malawi\/\",\"name\":\"Malawi\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/malawi\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Malawi Kwacha falls by 44 percent - Malawi","description":"The Reserve Bank of Malawi (RBM) has devalued the Malawi Kwacha from K1,180 to K1,700 against the United Stated dollar. ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-kwacha-falls-by-44-percent","og_locale":"en_US","og_type":"article","og_title":"Malawi Kwacha falls by 44 percent","og_description":"The Reserve Bank of Malawi (RBM) has devalued the Malawi Kwacha from K1,180 to K1,700 against the United Stated dollar. ...","og_url":"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-kwacha-falls-by-44-percent","og_site_name":"Malawi","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2024-01-15T21:18:59+00:00","article_modified_time":"2024-01-15T21:35:18+00:00","og_image":[{"width":1728,"height":1083,"url":"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2024\/01\/sm_1705341740.568477.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-kwacha-falls-by-44-percent#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-kwacha-falls-by-44-percent"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Malawi Kwacha falls by 44 percent","datePublished":"2024-01-15T21:18:59+00:00","dateModified":"2024-01-15T21:35:18+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-kwacha-falls-by-44-percent"},"wordCount":220,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-kwacha-falls-by-44-percent#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2024\/01\/sm_1705341740.568477.jpg","keywords":["Africa Press","Africa Press-Malawi","Malawi"],"articleSection":["all news","head lines","policy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-kwacha-falls-by-44-percent#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-kwacha-falls-by-44-percent","url":"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-kwacha-falls-by-44-percent","name":"Malawi Kwacha falls by 44 percent - Malawi","isPartOf":{"@id":"https:\/\/www.africa-press.net\/malawi\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-kwacha-falls-by-44-percent#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-kwacha-falls-by-44-percent#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2024\/01\/sm_1705341740.568477.jpg","datePublished":"2024-01-15T21:18:59+00:00","dateModified":"2024-01-15T21:35:18+00:00","author":{"@id":"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"The Reserve Bank of Malawi (RBM) has devalued the Malawi Kwacha from K1,180 to K1,700 against the United Stated dollar. ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-kwacha-falls-by-44-percent#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-kwacha-falls-by-44-percent"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-kwacha-falls-by-44-percent#primaryimage","url":"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2024\/01\/sm_1705341740.568477.jpg","contentUrl":"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2024\/01\/sm_1705341740.568477.jpg","width":1728,"height":1083,"caption":"Malawi Kwacha falls by 44 percent"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-kwacha-falls-by-44-percent#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/malawi\/"},{"@type":"ListItem","position":2,"name":"Malawi Kwacha falls by 44 percent"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/malawi\/#website","url":"https:\/\/www.africa-press.net\/malawi\/","name":"Malawi","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/malawi\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/posts\/56694","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/comments?post=56694"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/posts\/56694\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/media\/56693"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/media?parent=56694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/categories?post=56694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/tags?post=56694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}