Forex Market Reforms
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News
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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News
Finance Ministry seeks Council of Ministers’ approval for salary increases ranging from 5% to 332% for 2.4 million public servants
In a letter dated 03 September, 2024, and addressed to the Prime Minister’s Office, Finance Minister Ahmed Shide outlined the…
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Commentary
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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Op/Ed
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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News Analysis
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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Op/Ed
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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Op/Ed
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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Op/Ed
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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In-Depth Analysis
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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