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Probably both. I don't know the specifics of Malawi...
The 44% devaluation number is from moving their USD peg, which (if they have enough reserves and it's credible) they can just do at a stroke or a pen no probs(I.e, here #747181)
Probably both. I don't know the specifics of Malawi...
The 44% devaluation number is from moving their USD peg, which (if they have enough reserves and it's credible) they can just do at a stroke or a pen no probs
(I.e, here #747181)