By Beatrice Pauline OtienoAccording to the Commercial Bank of Ethiopia information, the exchange rate applicable for 7th November 2024 Ethiopian Birr (ETB) USD and other major currencies was as followsThe information above suggests USD high demand is expected, ETB has slightly depreciated against the dollar according to the official rate of the Commercial Bank of Ethiopia. According to sources,, the depreciation of the Ethiopian Birr (ETB) against the US Dollar (USD) has been because of Ongoing external pressure and dwindling foreign reserves. On the other hand, the margins in other currencies such as GBP, INR, and other currencies are tied to uncertainties in shifts in different economies in the world. __Join our Telegram Channel : t.me/borkenaLike borkena on FacebookBusiness NewsAdd your business to Ethiopian Business Listing / Ethiopian Business DirectoryJoin the conversation. Follow us on twitter @zborkena to get the latest Ethiopian News updates regularly.

Source: Ethiopian News November 07, 2024 17:18 UTC