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The Dollar's Value Increased in a Week; the Highest Bid Reached 155.05 Birr.
Summary by capitalethiopia.com
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The National Bank of Ethiopia, in a move to control the price hike in the illegal foreign exchange market, today, January 26, 2018, the dollar sold by banks reached 155.05 birr. This move came at a time when the dollar price on the black market had risen to 190 birr. The demand for dollars suddenly increased due to the Chinese New Year. As factories and ports in China were closed in February, Ethiopian importers rushed to the market in search of…
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