The local currency value fell by 100% two weeks into the forex regime reform (Illustration: Addis Standard) By Adunya Zerihun Addis Abeba – On 29 July 2024, the National Bank of Ethiopia announced a reform of the Foreign Exchange Regime, introducing a floating exchange rate – a system where the value of a country’s currency …
The local currency value fell by 100% two weeks into the forex regime reform (Illustration: Addis Standard) By Adunya Zerihun Addis Abeba – On 29 July 2024, the National Bank of Ethiopia announced a reform of the Foreign Exchange Regime, introducing a floating exchange rate – a system where the value of a country’s currency …
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