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Malawi Kwacha to depreciate after tobacco sells-Nico report

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Investment management and advisory firm, Nico Asset Managers, says the Malawi kwacha is likely to start losing ground against foreign currencies after the end of the tobacco selling season. In its April 2013 Economic Report, Nico says the situation can only be saved if the country identifies additional sources of foreign exchange. “Sustainability of the [...]

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