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Ethiopian Premier Defends Currency Float Decision, Rejects Devaluation Claims
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Ethiopian Premier Defends Currency Float Decision, Rejects Devaluation Claims

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Ethiopian Premier Defends Currency Float Decision, Rejects Devaluation Claims
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Source: Bitcoin.com

The Ethiopian Prime Minister, Abiy Ahmed, has defended the decision to float the birr and insisted that this move does not amount to the devaluation of the currency. Ahmed stated that the intention is to unify the official and parallel market exchange rates. Reports suggest that Ethiopia’s decision to float the birr was promptly rewarded […]

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Author: Terence Zimwara

Related posts:

  1. Ethiopia’s Birr Falls 30% After Currency Float; Forex Surrender Requirements Scrapped
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