July 29
Ethiopia: News - Birr Devaluates By Initial 30 Percent As Ethiopia Introduces Market-Based Exchange Regime
The National Bank of Ethiopia (NBE) announced today a shift to a market-based exchange regime as part of a major revision of the country's foreign exchange (FX) system. The move… Read more »
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 »