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Ethiopia moves to cut dollar dependence in trade shift

© Unsplash

Kalu Girma

Kalu Girma is an Ethiopian financial journalist covering markets, policy, energy, and investment trends.
  • UAE among countries agreeing to non-dollar settlements
  • Move seen as step toward trade diversification and debt protection

ADDIS ABABA, ETHIOPIA – Ethiopia is pushing ahead with plans to settle international trade in currencies other than the US dollar, the Ministry of Finance confirmed on Friday, as it seeks to ease pressure on foreign exchange reserves and broaden its investment ties.

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