In July, when the government introduced a “market-based exchange rate regime,” the exchange rate for US$1 was 57 Ethiopian Birr. As of Tuesday, this rate had risen to 122 Birr per US dollar, according to the latest exchange rate data from banks. Shide also highlighted changes in the export economy, claiming that revenue from exports had increased over the past three months. Another key claim made by the Minister was that the Ethiopian economy is expected to grow by 8.4 percent this year. __Join our Telegram Channel : t.me/borkenaLike borkena on FacebookAdd your business to Ethiopian Business Listing / Ethiopian Business DirectoryJoin the conversation.

Source: Ethiopian News November 13, 2024 19:58 UTC