Price instability rocks Ethiopia as it reels from foreign exchange rate reforms ...Middle East

News channel - News
Price instability rocks Ethiopia as it reels from foreign exchange rate reforms
Associated Press ADDIS ABABA, Ethiopia (AP) — The prices on the menu have been erased at a small hotel in a suburb of Ethiopia’s capital. That was no mistake, the waiters said, as businesses in Addis Ababa struggle to keep up with spiraling inflation since the government implemented a flexible exchange rate policy late last month. Since then, the Ethiopian birr has lost 60% of its value against the dollar as of Monday, sparking anxiety as customers are forced to pay more for basic commodities and some businesspeople are hoarding. Ethiopia’s new exchange rate policy was a historic decision in a country where the government for decades fixed the price of foreign currencies, allowing a black

Hence then, the article about price instability rocks ethiopia as it reels from foreign exchange rate reforms was published today ( ) and is available on News channel ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Price instability rocks Ethiopia as it reels from foreign exchange rate reforms )

Apple Storegoogle play

Last updated :

Also on site :



Latest News