Foreign Exchange Policy
- News
Importers ‘unable’ to use approved foreign currency; CBE reports only 28% of hard currency allocation utilized post-reform
(Photo: AFP) Addis Abeba – Since the introduction of new macroeconomic reforms in late July 2024, less than one-third of the $282…
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Central bank unveils $175 million sale to fund fuel imports via foreign exchange market
Mamo Mihretu, governor of the National Bank of Ethiopia (Photo: NBE/Facebook) Addis Abeba –In an effort to address upcoming fuel-related import…
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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 Foreign Currency Market Liberalization: Does the move meet Ethiopia’s long-term economic goals?
The value of Birr fell by approximately 60% since the announcement of shift into market-based forex regime (Photo: Sinqe Bank/Facebook)…
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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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Birr depreciates by initial 30% as Ethiopia introduces market-based exchange regime
On Monday, Commercial Bank of Ethiopia reported a buying rate of 74 birr for 1USD, showing a 30% devaluation (Photo:…
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