Tag Archives: ethiopia devaluation

Ethiopia: President says country in serious financial crisis

ESAT News (October 9, 2017) Ethiopia will devalue its currency to attract foreign investment and close the gap in foreign trade, President Mulatu Teshome said at the opening of the bicameral parliament on Monday. He said his government is faced with a serious shortage of hard currency and export trade has dwindled in last three years. Mulatu said major projects ...

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