Malawi Kwacha surprises economic experts

Oct 16, 2015 Business 166
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Malawi Kwacha

The Malawi Kwacha has surprised local economic experts following its reverse from a trend of depreciation to one of appreciation.

The Kwacha is now trading at K548 from K569 a few weeks ago against the United States dollar. Over the past month the local currency was trading at over K600 against American dollar.

One of the experts Colleen Kaluwa said during this period the local currency usually weakens due to increase in importation of agricultural inputs like fertilizer and seeds.

Malawi Kwacha
Malawi Kwacha, remains unstable.

“What is happening now is very surprising because our Kwacha was supposed to be depreciating, because it is the period when we drain our Forex through imports despite having no measures to replace forex through exports,” said Kalua.

Kalua further said the development might be due to a reduction in importation of luxurious materials.

However, executive director for Centre for Free Market Enterprise (CFME) Peter Yakobe said the country needs to set up measures which will enable people to produce a lot of goods and services for export so that we can have enough forex.

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166 Comments

  17. Dont ne surprise an an Angola we are burning of fire if one dollar was 100kwanza to day it become 200 kwanza AFRICa. On fire only GOD knows

  21. Kuyamika nthawi zina ndibwino,boma lipitilize kupanga xabwinoxi chifukwa tikudziwa nomatter hw iz gonna take,koma tsiku lina zixapindulira ife amalawi.ena mumangofuna lero ndi lero chilichonse chikhale chatheka mmmmm things take tym osananyoxesa.coz sixophweka

  29. A boma amangosangalala kwacha ikakhalapo ndi mphavu koma zinthu sizitsika mtengo ata olo mpang’ono pomwe, umoyo wa anthu osauka sumasinthaso, za ziiiiii bas

  30. No longer using kwacha “nsapato zakutha za plastic ndi mchere” that’s it a 5L pail of maize to four tablets of laundry soap….who cares

  34. Eissssh…koma kwathu kuno basi sitizathekanso…nkhani ikukambidwayo ndi ya Kwacha koma uone picture yaikidwayo ya galimoto hahahahahahaha…moti ine poyambilira penipeni ndimayesa ngati ndi a #Salanje

  38. mwayamikira mwachangu,akanali wamoto gagayu mudikireni akapola….kwachayi ikumapanga zomwe yafuna pasika,then tidziti apresdent akupanga zazeru?nothin’ gud @all.ndizayamikira when t ‘ll bcome costant.

  42. Kkkk Akakuwuzani kuti tizagawa malata kuwomba manja osaziwa kuti ndalama zake zichoka kuti,lelo kumalila kuti misonkho yakwela ma passport ndi zina.Tizingopephela mulungu azitisamala.

    1. @ Samson nkhani yake iti yowanenela anthu umbuli? Kwacha ikagwa president amayankhulapo ikakwela amapanga chimodzimodzi nde mukati sizikumukhudza mukunamatu bwana kungoti ulemu ndiwofunika tisamawone zinthu ndi maso andale zizitivuta kuona zabwino komaso zolakwika

  45. Kupoyila kwathu ndikumeneko,Ngati zilibwino zinthu zisike.Anthu ovutika akukanika kugula fertilizer.Chuma chaziko lino chili nthaka.

  47. tazolowela komanso tatopazo nkhani za kwacha, you dont even be scared to update us, as of now we are not using or following your exchange rate but we have created our own way of exchanging the kwacha, shillings, dollars etc. inu ma expert a ndalama mutsavutike ndikuyankhula komwe za kwacha, ife zikuyenda

  48. You hate your own country when it is doing well. What is wrong with the appreciation of kwacha? You would have cerebrating,but instead you’re posting this nosense,mbuzi ya munthu.

    1. Is wat i have seen they don’t love their own country, when bad things are happening they do celebrate

  52. Izi sikutanthawuza kuti zinthu zitsika ..still life is too hard it is benefit those business people and the like……if it is so then prices should also go down

  54. These framers of words like the Kwacha has fallen to a Dollat & the Kwacha has picked up, dont make sense to me and the Villagers its only the Reserve Bank & its partners the local Banks who see the difference of the two meaning less words; For me its always the same old story- no Change;

  59. akachoka peter nde pabwela manyaka…anzelu amene akuoneka ngat angazatukule dziko akachoka peter akuyenera kuonetsa mphavu zawo pamavuto ngat amene akutigwelawa…osati tizizawaona atakhala kale pampando,,ndizija akumangoola ndalama

  60. President angotula pansi udindo wamukanika,,tazuzIka nthawi yaitali,,,apa ndikuona kuti pali chifukwa chokhala ndi president….

  61. Gud news to hear but for how long? Mukaone m’mene katagwere miyezi ikubwerayi.This is a temporaly fix.Paja akumabwerekatu ma dollars ku Motal engiel.Komabe @least bola cos nsanje siumuna.

    6. anamanga ndindani gate ya state house .bakili bingu peter zautsiru kamuzu anali mtsogoleli wa amalawi osati amene alipowa kusiya ma dorra ku usa kuthamangila unduna wa boma ku malawi.uchitsiru basi.

  64. an economist wud agree with me tht at this point wen our currency appreciates its worse, coz exports wil b xpensive while imports abit chpr,,will continue to hav deficits in our b.o.p,,appreciation z gud wen it occurs at de ryt time,,

  66. Mubwere ku Malawi_Tanzania border mudzaone momwe ka kwacha kathuka kagwera, thats when you will believe.Dont Cheat Us Here!!

  74. Kkkkkkkkkkk msandisekese chasintha ndi chani tsono apa? Pitani mmsikamo mkawone ngati katundu wasikapo mmomwe muja. Msatinamize pompano muwona ili pa K700 paja timayenda step imozi kusogolo ndipo ma step 5 kupitanso mmbuyo.

  75. is it bad news or good news? when it falls people say all sorts of things, now it has gained again people are complaining, which is which?

  77. I dont care chifukwa zimbe imodzi ya tifundo titatu ena ayamba kugulitsa 60kwacha. kamkaka kawufa kongokwana cup imodzi akuti 120kwacha. Timafuta toyeza tophikila 70kwacha. kamulu ka bonya 100kwacha. Pa malawi ndi Hard nock.

    1. Osalimbana ndi mbuzi za anthuzo.Mayaya, Trappez, Tembo,ndindani pa Nyasa pano?Azayende poyera ndipo asazabisale tizaone zosatira zake.Agalu!

  82. yap it seems that way but if we can hav alook @ the affairs of the country we still in the same poverty. this z the Malawi everyone knows

  83. His Excellency Ngwazi Prof. Authur Peter Mutharika is in office at Capital Hill not to be admiring flowers but using his Excellency pen to change problems upside down. This is not a miracle but a result of his sweat, as a human being he won’t be noticed today of this good things, only when he dies people will start clapping for him. It was rain that damaged crops and they blamed our beloved father APM, look at kwacha now, the bigger mouth are shut as if the have forgoten using them yet they just coming from lunch. This Why We Were Called Monkeys!

    7. Our Brethern in Zambia will be having National Repentance Prayers this weekend, to ask God to rescue their economy from falling indicated in the persist devaluation of their kwacha. We have kwachas but ours is gaining while theirs is falling, to my suprise, we are the noiser to the president! If My Lovely President APM has done a crime in working out a kwacha problem, lets push him so hard to go further and become a worst criminal because we know effects.

    9. Ngwazi means more than a Hero and its a Ngoni word, was Ngwazi Dr. H. Kamuzu Banda a Ngoni? Was Ngwazi Prof. Bingu Wa Mutharika a Ngoni? I am not a Ngoni but I have started calling My Lovely Ngwazi Prof. APM, NGWAZI only because he has manage to do and is doing what Ngwazi does. The name Ngwazi comes from people to people and there is no problem me calling NGWAZI anybody I feel is befitting.

    15. Jst a point of correction, we say ‘graduate’ NOT garaduate.zikomo.wat i know is dat APM doesnt like euphimism and he doesnt have linguistic diarrhoea- he spks wen need arises and NOT jst bcoz he has a mouth.i rest my case.

    16. Jst a point of correction, we say ‘graduate’ NOT garaduate,’correction’ and NOT collection.zikomo.wat i know is dat APM doesnt like euphimism and he doesnt have linguistic diarrhoea- he spks wen need arises and NOT jst bcoz he has a mouth.i rest my case.

    17. President is a first gentleman and as a man he is a father of his nation. In this case, we are all children of HE Ngwazi APM. Mr. John Tembo, Dr Muluzi, Sir Brown Mpinganjira, Dr Ken Lipenga, Prof. Lubadiri, Prof. Chimphamba, Jesse Kabwira And Others We Are All Children Of Him Including You My Brother. Please Take Note That It Does No Take A Graduate To Respect And Appriciate What A President Have Done.

    18. we cant clap hands for him coz thats his Job not just wasting tax payers money,he works for us,he must work harder than that because he has wasted too much money by taking over 100 useless people to UN

    20. Anthu ambiri ndi zidebe zopanda madzi. Munangozolowera kunyozesa basi. Bwanji osayamika chabwino chochepacho chomwe President wapanga kena muzipitiliza kuzuzura zomwe mukuti akulakwisazo. Ma educated savages nthawi zonse amakhala ovuta. Mungoyang’ana zobwezelesa ntsogoleri mmbuyo basi ana anjoka inu.

    22. Kodi kape #chipala vuto ndinuyo kumene palibe chimene mumachita or kugwira ntchito or business koma mukufunamzinthu zisinthe.kuchipatala umakalandira treatment osati chakudya,if u work hard enough in 5 yrs tym udzasiya kudalira kuchipatala kuti ukadye.

    24. if you are wa MCP just wait and see,,,we have only 1 proffessor who recognised all over the world,,and he has liquid brain,,sizongolalata ka mkazi kopusa ka mcp kaja ayi,What you need to know ma Candidate onse a MCP muzipanga Resign ,,owopsa anali A Tembo nat Lazalo the Preacher man,,,a Chawuta sangamusekelere or pangono ,,,abwelere akadyese Mgonero fans ameneyi koma ngat asamva zake,,,asamalira Peter.dziko lino

    25. When he saw “Mary of Magah-dalene splashing expensive oils and wiping it with her own hair on JESUS’S feet” Judas Iscarriot and others said to themselves, had this man was realy a prophet he could have known the lady who is touching him and the oils could have been sold and the proceeds distributed to the poor. But J-E-S-U-S knew what were they thought and answered them, “the poor has been here before me and will be here after me but I, I am leaving” Brethern, poverty will and has never leave people alone because different people define it differently and from different angles, though slave masters defines it as “living on less a dollar per day” just to promote the dollar to be a superior currency. Let me quote THE GREAT SLAIN KING EVISON MATAFALE's Wolakwa Ndani piece where it says "umphawi palibe amaugonjetsa, umagonjetsedwa ndi akufa” meaning if you want someone to move you away from your own defined poverty, then you can just die. I mean you Brother, can just commit sucide because no one will

  87. vuto laa malawi timangotha kulakhula ,kufinya azathu koma kuti tipange zooneka esh mavuto ,boma lathu likufuna ndalama pomwe chopangira ndalama alibe ,sungakolole usakulima,busness imene amaiziwa andale amasiku ano nde kugula ma truck ,amaganiza azinyamula chani ?magulu achina Tembo akakhalandi ma farm economy kumayenda bwino,a bakiliso anangoika dziko pamoto katundu yense wamasiye kugulisa kwaluya muganiza ana malawi apulumukira pati esh

  92. Mukona ngati ife sitiziwa zinthu eti, kodi amai a JB anaisiya pati? Zachamba zimenezo.

    7. ngati sukudziwa kuti pound ikusinthanitsidwa bwanji ndi kwacha ndibwino osapanga comment.kusiyana ndikuti muonetse umbuli wanu apa

    11. That’s The Reason Why The Good For Nothing Fellows Kumangowasiya Choncho Adzilongolora Cause Amangobwezeretsa Zinthu M’buyo Kkkkkkkk.Nanga Munthu Phokoso Kuchita Kukwana Yet Palibe Chomwenso Akudziwa.Bravo Peter!!

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