WIRE — Malawi's currency devaluations have come at a steep welfare cost with a new study estimating that an exchange rate shock could cost households $6.8 million (about K12 billion) under a flexible exchange-rate regime. The study, Exchange Rate Shocks and Household Welfare by University of Malawi economists Edward Leman, John Magombo and Lucius Cassim, analysed monthly The post Devaluations cost households K12bn appeared first on Nation Online.
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