Malawi runs out of forex – Malawi 24

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Malawi runs out of forex – Malawi 24

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Malawi24

As Malawi continues to experience forex shortages, the Reserve Bank of Malawi (RBM) has demanded that 30 percent of forex realized from tobacco sales should be sold to the bank.

In a letter to chief executive officer of Auction Holdings Limited (AHL), RBM governor Wilson Banda noted that the supply of foreign exchange in Malawi has been tight.

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