The Reserve Bank of Malawi has devalued the kwacha by nearly 10% against the U.S. dollar to 165, Reuters reports. The newly imposed range of 165.87-167.55 may help the southern African country mend strained relations with lenders, including the International Monetary Fund. Since its devaluation from 138.5 in 2009, the kwacha has been pegged at 150 to the dollar. However, the currency is worth approximately 185 in the black market because of a constant dollar shortage due to lack of donor funding.

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