Ethiopia's Informal Currency Exchanges - Validate or Veto? [analysis]
Published on: Thursday 11 May 2023
![Ethiopia's Informal Currency Exchanges - Validate or Veto? [analysis]](/img/noticias/202305/ethiopias-informal-currency-exchanges---.jpg "Ethiopia's Informal Currency Exchanges - Validate or Veto? [analysis]")
The choices are stark, but the damaging impact must be mitigated to help improve foreign currency reserves.Ethiopia's foreign currency deficit has led to a thriving black market exchange, fuelling already-problematic illicit financial flows in the country. The black market limits the inflow and facilitates the outflow of legitimate foreign currency.Ethiopia has many unregulated foreign currency exchange bureaus. Profiteers use small shops,...
News source: https://www.msn.com/en-xl/africa/other/ethiopias-informal-currency-exchanges-validate-or-veto-analysis/ar-AA1b59hp
