Ethiopian Birr – Miami Crypto Coin

Egyptian Pound Latest African Currency to Slump to Record Low Versus US Dollar

Post author:MiamiCrypto
Post published:October 6, 2022
Post category:Economics egyptian pound Ethiopian Birr Exchange rate IMF International Monetary Fund Mohamed Maait naira depreciation pound depreciation pound devaluation

The Egyptian pound recently became the latest currency from the African continent to see its value versus the greenback slump to a record low. The pound’s fall came amidst reports…

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…

Ethiopian Central Bank Restricts Amount of Cash Travelers Can Hold, Sets Foreign Currency Conditions

Post author:MiamiCrypto
Post published:September 13, 2022
Post category:Africa Central Bank central bank directive Ethiopian Birr foreign currency National Bank of Ethiopia

According to the National Bank of Ethiopia’s directive, which became effective on September 5, persons entering and departing the country in possession of local currency are now subject to new…

Ethiopian Central Bank Urges Residents to Stop Engaging in Crypto Transactions

Post author:MiamiCrypto
Post published:June 8, 2022
Post category:Blockchain Cardano Central Bank Cryptocurrency Digital Currency Ethiopian Birr Money Laundering National Bank of Ethiopia Regulation

The National Bank of Ethiopia (NBE) has said it does not recognize cryptocurrencies as a legitimate method of payment and that residents must avoid using them. The bank insists the…