Kwacha down by 107% since May

From Face of Malawi Thu Jan 3 2013, 08:30:18

The Malawi kwacha exchange rate to the United States dollar closed the year 2012 at an average price of K346, down from K167 on December 312, 2011, The Daily Times has established. On the black market, the US dollar was trading at rates as high as K360 by December 31 as demand for foreign currency [...]

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