Here goes the green light for the black market currency exchange. Now is the time to avoid carrying Birr as it will free fall like crazy. The banks will stop outbidding each other soon as they realize no hard currency will flow in to them no matter what and they either get out of the forex business completely or they join the illegal black market game they used to play before this failed macro economics policy reform. The national bank will set the black market rate like it has been doing for the last couple years to satisfy Satan Mamo Killo's demand for hard currency. Satan Mamo Killo has no problem printing Birr and offering the highest rate through RIA and on the street to satisfy his lust for $$. Nigerian naira should be an example.
God be with the Ethiopian people.
Re: Ethiopia Allows Import of Goods Without Foreign Currency Payment
It is obvious.
Ermias Amelga. The copy and paste specialist. A well known crook that belongs to prison.
Copying won’t help to get out of this monetary and economic crisis. A different reality exists between the West and impoverished Ethiopia.
Ermias Amelga. The copy and paste specialist. A well known crook that belongs to prison.
Copying won’t help to get out of this monetary and economic crisis. A different reality exists between the West and impoverished Ethiopia.