Namisa Blogger of the year 2013,Stimulating the much needed debate

The Malawi Kwacha continues to nose dive. As of March 25th 2013, the Daily Forex rates in the bureaux showed that the US Dollar and the British pound was selling at a maximum of 435 and 650 Kwacha respectively. ForexThis means the 400 Kwacha to a dollar mark that the Reserve Bank of Malawi Governor said the Kwacha would never pass, has just passed. The increased loss of value of the Kwacha has seen the cost  of essential goods and services  skyrocketing. The life of ordinary Malawians  is becoming harder by the day. The inflation is now at about 35.1%. Some analysts are predicting that the Kwacha  will be 520 to a dollar by May 2013 with reference to the current rate of depreciation. For full Forex  table  click here: FXB_Daily_Rates – 25 March 2013

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