Ethiopia eases forex curbs as it awaits crucial bailout
The value of the local currency, the birr, slid by around 30 percent against the dollar after the announcement of the measures by the central bank.
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A general view of a busy road in the historical Merkato district is pictured in Addis Ababa on January 27, 2024. Merkato district is believed to have the largest open-air market in Africa, stretching for several square kilometres divided into sections for just about anything imaginable. AFP photo
NewVision Reporter
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Ethiopia said Monday it is easing foreign exchange curbs as part of a broader economic reform package, as the deeply-indebted nation awaits a multi-billion dollar bailout from international