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Tag: Ethiopia currency

Ethiopia receives IMF relief after easing forex curbs

Posted on July 31, 2024 By admin
Ethiopia receives IMF relief after easing forex curbs

Ethiopia’s currency plunged by 30% after the central bank sought an IMF bailout. | Photo Credit: AFP Cash-strapped ased foreign exchange curbs on Monday as part of a broad economic reform package as the International Monetary Fund approved a loan to the Horn of Africa nation seeking a multibillion-dollar bailout. The value of the local…

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