… in a country where foreign currency is scarce and poverty … used to spend 20,000 Ethiopian birr (£105) a month on … model costing roughly 2.2m Ethiopian birr (£11,000) in a … distorted the secondhand vehicle market. Ethiopia is also encouraging local production …

… parallel market, where the Birr trades informally at a premium … and global currency movements. That is not today’s Ethiopia. But … the country’s growing foreign currency needs, particularly as trade … define market activity. The forex desks have adapted to the …

… [Sudanese and Egyptian] brothers: Ethiopia built the dam to prosper … contribute to local fundraisers. Ethiopia’s central bank provided … , Dawit Getachew bought 100-birr bonds (then worth about … chronic shortages of foreign currency and help to meet …

… issuer of the Ethiopian Birr. The Commercial Bank of Ethiopia (CBE), a … meet its obligations.  The Ethiopian Birr, like the US Dollar … base. The limited foreign currency needed was for highly … economy. The lesson from Ethiopia is clear: Embrace Monetary …

… , and credit mobile wallets in Ethiopian birr. Additionally, users can send funds …

… been selling for around 50 Ethiopian birr ($0.35; £0.25). The …

… top up mobile wallets in Ethiopian birr. The initiative aims to increase …

… -year, pump prices average 77 Ethiopian birr per litre, up nearly 40 …

… , the currency float has since seen the Birr lose more … between parallel and official forex rates dropped down from … Egyptian officials have accused Ethiopia of jeopardizing their water … manufacturing projects. Analysts described Ethiopia’s diplomacy as walking …

… most turbulent periods in Ethiopia’s recent history. While … the international community, tarnishing Ethiopia’s global image. With … birr following the government’s decision to float the currency … toward peace and progress, Ethiopia must confront these overlapping …