Ethiopia Forms Committee to Combat Black Market Currency TradingJanuary 13, 2017 - The government formed a special committee under the Prime Minister’s Office to combat the currency trading on the black market and outflow of hard currency from the country, according to Capital. Beside illegal transfers, expats who receive their salary in hard currency and foreigners who come for conferences are the other sources of the black market currency. The committee, established on Monday January 2 will follow seriously the illegal hard currency market, according to Gemechu. Studies indicate that the illegal hard currency market is one of the sources of money for imports. Experts said that the high difference between the legal and black market had never been seen before.

Source: Ethiopian News January 13, 2017 21:16 UTC