LILONGWE-(MaraviPost)-The Finance Minister Simplex Chithyola Banda has disputed fake documents circulating on Monday morning allegating that Malawi Kwacha will be devalued by 150% to cushion forex shortages and aligning exchange rate.
The alleged cabinet paper in our possession also says
that they plan to raise fuel price by 100%, retrench workers in the public service and increase PAYE, among others.
But in an interview with The Maravi Post, Finance Minister Chithyola disputes the authenticity of the document describing it as fake.
The Minister says, “Disregard the fake document circulating in social media.
“Its a fake document and the work of disgruntled Malawians working towards denting President Lazarus Chakwera’s government image”.
Chithyola adds, “The document is question is not signed and its contextual statement falls short”.
This comes barely hours Malawians are expected to go to poll on Tuesday, September 16.