የኤርሚያስ አመልጋ ዶላር - ጥቁር ገበያ 140 ብር ደርሷል!
Posted: 13 Oct 2024, 09:34
Addis Insight
Ethiopia’s Black Market Hits 140 Birr to the Dollar: A Growing Crisis in Foreign Exchange
Ethiopia’s black market exchange rate for the US dollar has reached a critical milestone, crossing the 140 birr mark. This widening gap between the black market and the official rates presents serious challenges for the country’s economy, businesses, and consumers. As of mid-October 2024, while the official National Bank of Ethiopia (NBE) rate stands at 116.97 birr per dollar, the informal market has surged to 140 birr, reflecting an alarming divergence.
https://addisinsight.net/2024/10/ethiop ... -exchange/
Ethiopia’s Black Market Hits 140 Birr to the Dollar: A Growing Crisis in Foreign Exchange
Ethiopia’s black market exchange rate for the US dollar has reached a critical milestone, crossing the 140 birr mark. This widening gap between the black market and the official rates presents serious challenges for the country’s economy, businesses, and consumers. As of mid-October 2024, while the official National Bank of Ethiopia (NBE) rate stands at 116.97 birr per dollar, the informal market has surged to 140 birr, reflecting an alarming divergence.
https://addisinsight.net/2024/10/ethiop ... -exchange/