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Ethiopia: Govt Devalues Currency, Raises Interest Rates
Addis Fortune, 10 October 2017
In the midst of a Forex currency crisis, the National Bank of Ethiopia (NBE) has devalued Birr by 15pc and raised the interest rate by two percentage points to seven percent. The… Read more »
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Ethiopia: The Bitter Pill's Back, With Little Hope of Cure
Addis Fortune, 17 October 2017
Almost all multilateral finance institutions were in tandem warning Ethiopian authorities about the Birr, which weighted against a basket of major currencies is overvalued. The IMF… Read more »