August 19, 2023
Ethiopia: Exchange Rate Reform - Damn If You Do, Damn If You Don't
The political and business corridors of Addis Abeba are overwhelmed by talks of an upcoming devaluation of the local currency - Ethiopian Birr. This is despite a recent statement… Read more »
July 04, 2023
Ethiopia: Birr Plunges As Currency Crisis Worsens, Posing Serious Challenges for Economy
The local currency, the birr, has been experiencing a long-standing decline in value against major international currencies, most notably the US dollar. However, the current state… Read more »
October 24, 2022
Ethiopia: PM Calls for Decisivet Measures Against Product Sabotage, Illegal Forex, Land Grabbing
Prime Minister Abiy Ahmed said decisive and swift action need to be taken against economic sabotage including hiding of products, illegal foreign exchange and land grabbing, which… Read more »
August 06, 2022
Ethiopia: Ethiopia Federal Police Seize Eritrean Nakfa, Other Foreign Currencies Illegally Moving in Addis Abeba
The Ethiopian Federal Police stated that it seized a sum of foreign currency originating from different countries, in collaboration with the community and other security forces… Read more »