Malawi: Malawi Spends Over $700 Million On Fuel While Tobacco Earns Less Than $400 Million As Forex Crisis Worsens

[Nyasa Times] Malawi is now spending more than 700 million US dollars annually on fuel imports while earning less than 400 million US dollars from tobacco exports, exposing a massive forex gap that Reserve Bank of Malawi (RBM) officials say lies at the heart of the country's deepening economic and foreign exchange crisis.

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