Is Black Market Forex on Its Deathbed? Chakwera’s Intervention Sends Parallel Market Rates Tumbling
newsare.net
A major shift is underway in Malawi’s foreign exchange (forex) market, as President Lazarus Chakwera’s government interventions appear to have dealt a significant blow to the black market trade. The once-soaring parallel market exchange rate, which hiIs Black Market Forex on Its Deathbed? Chakwera’s Intervention Sends Parallel Market Rates Tumbling
A major shift is underway in Malawi’s foreign exchange (forex) market, as President Lazarus Chakwera’s government interventions appear to have dealt a significant blow to the black market trade. The once-soaring parallel market exchange rate, which hit an all-time high of K5,000 per US dollar, has now slumped to around K3,000 within a matter of […] The post Is Black Market Forex on Its Deathbed? Chakwera’s Intervention Sends Parallel Market Rates Tumbling appeared first on Malawi Nyasa Times - News from Malawi about Malawi. Read more