And as part of their efforts to address these problems, they have switched their currencies from a fixed exchange rate to a floating exchange rate, which sounds a little wonky.

The new exchange rate policy was a historic decision in a country where the government for decades fixed the price of foreign currencies, allowing a black market to flourish.

ADDIS ABABA, Ethiopia (AP) — Ethiopia's currency lost 30% of its value Tuesday, the day after the central bank began implementing a flexible exchange rate policy backed by the International ...

The Ministry of Trade and Regional Integration (MoTRI) has revealed that the floating exchange rate reform is yielding significant outcomes, with improving the quality of export products being a ...

And as part of their efforts to address these problems, they have switched their currencies from a fixed exchange rate to a floating exchange rate, which sounds a little wonky.

Price instability rocks Ethiopia as it reels from foreign exchange rate reforms The prices on the menu have been erased at a small hotel in a suburb of Ethiopia’s capital ...