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Cash Withdrawals Surge in Tigray Amid Instability Fears

Ethiopia, Tigray Valley. © AGF Srl / Alamy Stock Photo
  • Long bank queues and soaring withdrawals reflect fears of political instability in Tigray.
  • Deepening divisions within the Interim Regional Administration exacerbate uncertainty

Addis Ababa, Ethiopia - Cash withdrawals are surging across Tigray as residents react to growing fears of renewed conflict and economic instability. This political stalemate has plunged the region into panic, with many concerned about the potential for conflict resumption or economically devastating blockades. Long queues at banks and financial institutions highlight residents’ rush to safeguard their savings amidst deepening divisions within the Interim Regional Administration (IRA . . .

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