Birr on the Rocks as Forex Auctions Chase Ghosts of Stability
[Addis Fortune - Ethiopia] - 27/04/2025
Key Takeaways The Birr has been persistently weakening against the US dollar, despite changes in foreign exchange policy. Discrepancies between the NBE’s auction prices and commercial banks’ market rates reveal systemic tensions. Banks are using incentives like bonuses and premiums to attract (…)
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