Ethiopia’s Birr Falls 30% After Currency Float; Forex Surrender Requirements Scrapped

Ethiopia’s birr plunged 30% against the dollar aft the cardinal slope floated the currency arsenic portion of reforms aimed astatine correcting overseas speech marketplace distortions. The slope besides eliminated overseas speech surrender requirements and lifted restrictions connected definite imports. In return, Ethiopia, which is seeking BRICS membership, is expected to person a $10.7 cardinal indebtedness […]