The Ministry of Finance has gazetted the Exchange Control (Repatriation and Export Proceeds and Operations of Foreign Currency Denominated Accounts) Regulations of 2022 that are expected to bring sanity in the foreign currency market.

This comes as Malawi continues to grapple with foreign exchange shortages. The law was gazetted on May 27 by Minister of Finance Sosten Gwengwe.

For more information, please see https://times.mw/experts-government-speak-on-export-proceeds-law/