Malawi Spends Over $700 Million on Fuel While Tobacco Earns Less Than $400 Million as Forex Crisis Worsens
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Malawi is now spending more than 700 million US dollars annually on fuel imports while earning less than 400 million US dollars from tobacco exports, exposing a massive forex gap that Reserve Bank of Malawi (RBM) officials say lies at the heart of the country
Malawi Spends Over $700 Million on Fuel While Tobacco Earns Less Than $400 Million as Forex Crisis Worsens
Malawi is now spending more than 700 million US dollars annually on fuel imports while earning less than 400 million US dollars from tobacco exports, exposing a massive forex gap that Reserve Bank of Malawi (RBM) officials say lies at the heart of the country’s deepening economic and foreign exchange crisis. Appearing before Parliament’s Government […] The post Malawi Spends Over $700 Million on Fuel While Tobacco Earns Less Than $400 Million as Forex Crisis Worsens appeared first on Malawi Nyasa Times - News from Malawi about Malawi. Read more
