Tag Archives: 15% against dollar

Ethiopia devalues currency by 15% in competitiveness bid

10 Oct

Posted by The Ethiopia Observatory (TEO)
by AFP
 
Income from Ethiopia’s top products, including coffee, has dropped in recent years because of low global commodities prices

Ethiopia will devalue its currency by 15 percent in a bid to boost demand for its major exports, a state-run media outlet reported Tuesday.
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