Ethiopia Tigray conflict – Miami Crypto Coin

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Ethiopia Orders Banks to Reject Requests for Foreign Exchange to Buy ‘Non-Priority Products’

Post author:MiamiCrypto
Post published:October 19, 2022
Post category:Africa birr depreciation Black market exchange rate Ethiopia birr Ethiopia Tigray conflict Foreign exchange Melaku Alebel Addis

The Ethiopian government has instructed banks to reject requests for foreign currency to buy so-called non-priority products. The Ethiopian Minister of Industry Melaku Alebel Addis has defended the move, saying…

Report: Gap Between Ethiopian Currency’s Official and Parallel Market Exchange Rate Grows to New Record

Post author:MiamiCrypto
Post published:September 25, 2022
Post category:Africa Ethiopia Tigray conflict Ethiopian Birr Exchange rate Fikadu Digafe Foreign exchange Monetary Policy National Bank of Ethiopia parallel market reserves

The Ethiopian birr currency’s parallel exchange rate against the U.S. dollar recently dropped to a low of 92 birrs per dollar, a report has said. The report added that following…