Ethiopia Says It Will Float Currency Under Economic Reform Plan
WEBJul 28, 2024 · Ethiopia plans to float its currency, the birr, as part of ongoing macroeconomic reforms, according to Prime Minister Abiy Ahmed.
Ethiopia's birr drops 30% as central bank floats currency
WEBJul 29, 2024 · Ethiopia's central bank floated the birr currency on Monday, a move it hopes will secure International Monetary Fund (IMF) support and enable progress on a long-delayed debt restructuring.
Ethiopia Introduces New Currency Notes (September 14, 2020)
WEBSep 14, 2020 · The government of Ethiopia today introduced new currency notes, with enhanced security features and other distinctive elements. The new currency notes replace the birr 10, 50 and 100 notes while an additional birr 200 note has also been unveiled.
Ethiopia birr: Currency falls 30% amid IMF-friendly policy change
WEBJul 29, 2024 · The value of Ethiopia's currency has fallen by 30% against the US dollar after the government relaxed currency restrictions, one the country's biggest banks, the Commercial Bank of Ethiopia,...
Ethiopia Begins Circulation of New Currency - Voice of America
WEBSep 22, 2020 · Ethiopia has begun circulating new currency notes to combat monetary crimes. Prime Minister Abiy Ahmed announced Monday the release of the birr in denominations of 10, 50 and 100.
Ethiopia Unveils New Currency Notes - Voice of America
WEBSep 15, 2020 · Ethiopia is spending more than $97 million to print the new currency. The Ethiopian government intends to turn the 5 Birr note into a coin format.
Ethiopia introduces new currency - New Business
WEBSep 14, 2020 · Ethiopia introduces new currency. The Government of Ethiopia has unveiled new currency notes replacing the old ones, Prime Minister Abiy Ahmed, said. He made the statement on Sunday indicating that all the paper 5 Birr, 10 Birr, 50 Birr and 100 Birr notes will be replaced with new notes.
Ethiopia's currency dives by 30% as IMF-backed reforms to …
WEBJul 30, 2024 · Ethiopia’s currency has lost 30% of its value the day after the central bank began implementing a flexible exchange rate policy backed by the International Monetary Fund as part of new measures to stabilize the eastern African nation’s economy.
Ethiopia floats currency as it seeks to secure IMF deal
WEBJul 29, 2024 · The country’s central bank on Monday removed restrictions on the foreign currency market as part of efforts by Prime Minister Abiy Ahmed’s government to secure more than $10bn in funding from the...
Ethiopia Frees Its Currency to Attract Investors, Spur Growth
WEBJul 29, 2024 · The National Bank of Ethiopia permitted banks to buy and sell foreign currency at freely negotiated rates, according to a directive on its website.