Ethiopia licenses independent forex bureaus
Ethiopian government is taking concrete steps to liberalize its economy by allowing independent forex bureaus to operate.
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foreign exchange
Ethiopian birr falls to 107.9 at auction
Ethiopia’s central bank set the exchange rate at 107.9 birr per U.S. dollar in a special auction to align with a market-determined system and secure IMF support.
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Nigeria seeks FX relief with naira oil transactions
Nigeria’s government approved the sale of crude oil to the Dangote refinery in naira to alleviate foreign exchange pressures.
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Ethiopia seeks IMF bailout with market-based exchange rate
Ethiopia has relaxed foreign exchange controls in hopes of securing a multi-billion dollar bailout as it grapples with economic challenges.
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Ethiopia swaps currency with UAE to ease forex shortage
The agreement boosts trade, investment, and financial integration between the nations.
Ethiopia swaps currency with UAE to ease forex shortage Read More »