Implementation of the new forex control regulation likely to result in further decline in exports and, consequently, reduced forex inflows—MCCCI
* Addressing forex scarcity requires a forward-looking approach that focuses on boosting export diversification and enhancing local production capacity for import substitution * However, these proposed changes will likely create the desire to hedge further, promoting parallel trading, which will result in the escalation of parallel rates, continuing to fuel increases in production costs and price instability for basic goods and services * This trend is likely to enhance speculation and motivation to declare Malawi as a country operating…
