Image source : IMFBy Hailegebriel EndeshawStaff ReporterADDIS ABABA – (BORKENA) – The illicit cash that flowed out of Ethiopia over the past ten years is estimated to be over 44 billion USD, according to sources. Macroeconomic analyst and researcher, Professor Alemayehu Geda said that in ten years 45 billion USD has flowed out of the country. Professor Alemayehu said in an interview he had with a local radio, Sheger FM 102.1 referring to a study that 31 billion USD flowed out of Ethiopia over the last 44 years. He further said that a large amount of hard currency is circulating across the city informally beyond the normal system. Professor Alemayehu Geda was asked whether the free flow of hard currency could be a possible alternative.

Source: Ethiopian News April 12, 2023 11:25 UTC