the nation can better withstand the fluctuations that arise from the floating exchange rate, he further elaborated. President of Commercial Bank of Ethiopia, Abie Sano said the foreign exchange ...

From January 23-25, 2025, policymakers, political scientists, economists, business leaders, academicians and researchers, and other stakeholders assembled at ...

According to the Commercial Bank of Ethiopia, the country has used a controlled floating exchange rate regime, resulting in a scarcity of dollars required for imports and profit repatriation by ...

Ethiopia also announced a major reform of the exchange rate in July, allowing its currency, the birr, to float freely against the dollar. Pegging the currency to the dollar had become increasingly ...

Ethiopia will ease several foreign currency restrictions while maintaining key controls on businesses, the International Monetary Fund said Thursday in its ...

Ethiopia launched ... had a securities exchange in the 1960s and 70s, but it was abolished by the socialist military government that overthrew the monarchy in 1974. It has registered some of the ...