Floated Currency Promise Meets Hard Reality
[Addis Fortune - Ethiopia] - 10/08/2025
After a two-month interruption of the bimonthly forex auctions, many banks slowed down to issue new LCs and focused on earlier applicants; surcharges layered onto official rates narrowed the gap with street prices, while talk that the official rate could double by September fed demand outside (…)
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In Ethiopian newspapers
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