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Ethiopia’s $32 billion forex boom fuels reform hopes

Ethiopia © Unsplash
© Unsplash
  • Ethiopia’s central bank says sweeping reforms cut inflation to 13.9% and boosted forex inflows by 33%
  • Analysts urge focus on broader indicators like GDP and employment as the country opens its banking sector

 

ADDIS ABABA, ETHIOPIA - Ethiopia’s central bank says the country is seeing early signs of economic transformation, a year after launching sweeping monetary and financial sector reforms . . .

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