Ethiopia is struggling to harmonise exchange rates nearly a year after floating the birr, while Kenya boosts its forex ...

Among the objectives of floating the exchange rate is to attract foreign investment ... To sustain the availability of hard currency in the market the National Bank of Ethiopia supplies currency ...

According to him, open economies that have free floating exchange rates tend to perform better in international markets; and Ethiopia needed just to choose the right time to move towards that.

The prices on the menu have been erased at a small hotel in a suburb of Ethiopia's capital ... advantage of the floating of the birr to hike prices. The new exchange rate policy was a historic ...