The Reserve Bank of Malawi has devalued the Malawi kwacha from its official selling rate of K1180 to K1700.
![](https://theinvestigator.news/wp-content/uploads/2023/11/kwacha-1024x576-1.jpeg)
The Bank recently rejected insinuations of devaluation.
This means the cost of living and prices will go up.
We will update the story later