The Devaluing of the Kwacha

For many years, the Malawi Kwacha's value was linked artificially to the US dollar. This made Malawi unattractive as a trading partner with most nations of the world because it did not reflect the true state of the economy.

When President Bingu Mutherika died and a new president came into power in April 2012, President Joyce Banda, one of the initiatives she took was to devalue the Kwacha. It was like a bitter medicine to cure a sick economy. 

Malawi's currency is now worth less than half of what it was when I first came here over two years ago.  The positive side of this is there is more foreign currency because it has opened up foreign trade a bit. The negative side is most people don't make any more money than they did then and the cost of goods and services have not decreased. We pray for God's abundant wisdom as we work toward helping our friends redefine wealth to fit an African model.

Africa has much untapped wealth, not the least of which is the optimism, and industriousness of its beautiful people. Thank you Lord Jesus for the things you have already taught us!