allAfrica
[Nyasa Times] A major shift is underway in Malawi's foreign exchange (forex) market, as President Lazarus Chakwera's government interventions appear to have dealt a significant blow to the black market trade. The once-soaring parallel market exchange rate, which hit an all-time high of K5,000 per US dollar, has now slumped to around K3,000 within a matter of days.