Currency Board Arrangement system is the only credible monetary policy solution for Malawi to implement to rescue the economic crisis—economist Thomas Ngoma
* The options are limited if Malawi remains within the framework of the current international monetary system * He criticises past choices like the soft fix peg during President Arthur Peter Mutharika’s administration and the current floating type, which he argues promotes economic instability * Ngoma advocates for a hard peg, which he says European nations have used effectively since the inception of central banking By Duncan Mlanjira Thomas Ngoma, a UK-based Malawian executive management consultant, asserts that Malawi’s…
