Economy
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Ethiopia’s Currency Market: A fragile convergence and the path to stability
The headquarters of the National Bank of Ethiopia (Photo: Capital Finance International) By Abraham Asfaw (PhD) @abrishAbebe Addis Abeba – It has…
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Authorities report significant narrowing of official-parallel market gap a month after reform; launch new remittance campaign to spur foreign market convergence
Mamo Mihretu, governor of the National Bank of Ethiopia (Photo: ENA) Addis Abeba – A month following Ethiopia’s transition from a fixed…
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Finance Ministry grants VAT exemption on initial 200 kWh of electricity, 15 cubic meters of water consumption
Headquarters of the Ministry of Finance (Photo: Social Media) Addis Abeba – The Ministry of Finance (MoF) has issued a new directive…
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Ethiopia’s unprecedented macroeconomic reform and future uncertainties
The local currency value fell by 100% two weeks into the forex regime reform (Illustration: Addis Standard) By Adunya Zerihun…
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Price hikes amid stringent gov’t measures left consumers in Addis Abeba anxious, uncertain
Addis Abeba has seen a significant rise in prices for a range of consumer goods following new forex regime (Photo:…
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Punitive measures will not stabilize fore-ex market induced panic in product market
On 03 August 2024 alone, Addis Abeba Trade Bureau in collaboration with Ministry of Trade and Regional Integration reported shutting…
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Critique of Ethiopia’s Macroeconomic Policy: A Comparative Analysis
The exchange rate of the USD has surged from approximately 57 ETB to between 91 and 100 ETB, reflecting a…
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Ethiopia’s Forex Market Reforms: Tumble or Turnaround?
Following the forex reform, the local birr had exchange rate as high as 90.6 birr per US dollar on 02…
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Birr plummets after PM Abiy calls to further narrow gap between official, black markets
PM Abiy Ahmed provided explanation over the recent macro-economic reform policy (Photo: PM Office/Facebook) Addis Abeba – Prime Minister Abiy…
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Opposition EZEMA criticizes government’s ‘untimely’ forex reform, warns of consequences
Leader of professor Berhanu Nega serves in PM Abiy Ahmed’s cabinet as education minister (Photo: Ezema/Facebook) Addis Abeba – The…
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