On Monday, Commercial Bank of Ethiopia reported a buying rate of 74 birr for 1USD, showing a 30% devaluation (Photo: Siinqee Bank/Facebook) Addis Abeba – 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 …
On Monday, Commercial Bank of Ethiopia reported a buying rate of 74 birr for 1USD, showing a 30% devaluation (Photo: Siinqee Bank/Facebook) Addis Abeba – 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 …
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