Money matters

Shortly before I arrived in Malawi, CAD $1 was equivalent to about 150 Malawian Kwacha.  Today, $1 equates to 250 Malawian Kwacha.  Last week the government released new 1000 Kwacha notes, as a response to the rapid inflation (the previous highest denomination was 500 Kwacha).  There are posters all over town advertising the new currency and prices are shooting up.

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2 responses to “Money matters”

  1. ComplexSymmetry says :

    This is one of the reasons I loved going on holiday when I was little. As my pocket money of something like £10 was suddenly inflated up to the local currency! Being 8 or so I didn’t understand it generally wasn’t worth any more!

  2. Andrea Nix says :

    Oh where oh where is it all headed

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