Loading...
Market
Story
Ethiopia's 'Transformative' Currency Float Amid Crisis and Debt Restructuring
Aug 20, 2024, 04:24 PM
Ethiopia has ended half a century of currency controls, allowing its currency to be traded on the open market instead of at a fixed rate. This move, described as 'transformative' by the country's central bank governor, Mihretum, comes amid a foreign currency crisis. The central bank believes this change could significantly impact Ethiopia's economy. The decision is part of broader efforts to address key issues on the road to debt restructuring and to stabilize the economy by avoiding depreciation, inflation, and default.
View original story
Similar markets
Below 3% • 25%
3% - 5% • 25%
5% - 7% • 25%
Above 7% • 25%
3-5% • 25%
Below 3% • 25%
5-7% • 25%
Above 7% • 25%
Below 10% • 25%
10% - 20% • 25%
20% - 30% • 25%
Above 30% • 25%
Less than 3% • 25%
3-4% • 25%
4-5% • 25%
More than 5% • 25%
Less than 2% • 25%
2% to 4% • 25%
4% to 6% • 25%
More than 6% • 25%
Below 3% • 25%
3% to 4% • 25%
4% to 5% • 25%
Above 5% • 25%
Below 10% • 25%
10-15% • 25%
15-20% • 25%
Above 20% • 25%
Below $2 billion • 25%
$2 billion - $3 billion • 25%
$3 billion - $4 billion • 25%
Above $4 billion • 25%
Below 1% • 25%
1% to 2% • 25%
2% to 3% • 25%
Above 3% • 25%
Less than 4% • 25%
4% to 5% • 25%
5% to 6% • 25%
More than 6% • 25%
Less than 2% • 25%
2% to 3% • 25%
3% to 4% • 25%
More than 4% • 25%
Below 3% • 25%
3% to 3.5% • 25%
3.5% to 4% • 25%
Above 4% • 25%