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Ethiopia’s currency dives by 30% as IMF-backed reforms to stabilize the economy take effect

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 Monetary ...
Bloomberg L.P.

Ethiopia’s Currency Quandary Places IMF Deal on ‘Knife’s Edge’

International Monetary Fund officials are heading to Ethiopia, where the authorities face a tough decision needed to win a bailout that’s key to restructuring the nation’s debt: whether or not to ...
Newsday

Price instability rocks Ethiopia as it reels from foreign exchange rate reforms

ADDIS ABABA, Ethiopia — The prices on the menu have been erased at a small hotel in a suburb of Ethiopia's capital. That was no mistake, the waiters said, as businesses in Addis Ababa struggle to keep ...
Bloomberg L.P.

Black Market Currency Trade Thrives In Ethiopia as Economy Tanks

The gap between the Ethiopian currency’s official and parallel-market exchange rates widened to a record as foreign reserves dwindled and fighting in the country’s north resumed. On Wednesday, the ...
pix11

Ethiopia’s currency dives by 30% as IMF-backed reforms to stabilize the economy take effect

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. ADDIS ABABA, Ethiopia (AP) — Ethiopia’s ...