Banks’ monthly FX sales to businesses hit half a billion dollars in first tear of the macroeconomic reform
Ethiopia celebrated the first anniversary of its macroeconomic reform program on Tuesday, July 29, highlighting substantial progress in foreign exchange (FX) inflows, enhanced business access to FX, and a stronger balance of payments, according to the National Bank of Ethiopia (NBE).
During the first year of the reforms, banks’ monthly FX sales to businesses averaged half a billion dollars. The NBE reported that these exchange rate reforms resulted in a 33% increase in FX inflows, totaling a record USD 32 billion this year. This figure includes USD 8.3 billion from goods exports, USD 8.5 billion from service exports, USD 7.1 billion in private transfers and remittances, USD 1.9 billion in official grants, USD 2.7 billion in new loans (excluding IMF),
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Source: capitalethiopia
@memicrypto
Ethiopia celebrated the first anniversary of its macroeconomic reform program on Tuesday, July 29, highlighting substantial progress in foreign exchange (FX) inflows, enhanced business access to FX, and a stronger balance of payments, according to the National Bank of Ethiopia (NBE).
During the first year of the reforms, banks’ monthly FX sales to businesses averaged half a billion dollars. The NBE reported that these exchange rate reforms resulted in a 33% increase in FX inflows, totaling a record USD 32 billion this year. This figure includes USD 8.3 billion from goods exports, USD 8.5 billion from service exports, USD 7.1 billion in private transfers and remittances, USD 1.9 billion in official grants, USD 2.7 billion in new loans (excluding IMF),
Read More
Source: capitalethiopia
@memicrypto
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Premajor
Premajor
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@askscrypto
☄️Guys, there are fewer posts right now because of my move — I’d like to ask you to be patient, and we’ll soon get back to active work 🙂
As for the market, I still don’t see anything clear, so we’ll wait.
By the way, ETH is showing a really nice growth🔼which I’ve mentioned many times before
Trades will come, just not as many and without detailed breakdowns for now 👍
@Memicrypto
As for the market, I still don’t see anything clear, so we’ll wait.
By the way, ETH is showing a really nice growth🔼which I’ve mentioned many times before
Trades will come, just not as many and without detailed breakdowns for now 👍
@Memicrypto
#eth
🧛♂️ Eric Trump began to remember all those who did not believe in his forecasts for ETH - «How am I doing now?»
@memicrypto
🧛♂️ Eric Trump began to remember all those who did not believe in his forecasts for ETH - «How am I doing now?»
@memicrypto
✔️We’ve reached the first target and got stuck there. I don’t see a clear continuation, so I’ve decided to close the trade ‼️
Ethio Telecom Plans to Enter African Markets
Ethio telecom has unveiled a new three-year strategy that aims to take the 131-year-old operator beyond Ethiopia’s borders.
The teleco giant, which earned a total of 331 billion Birr under its recently concluded Lead Growth initiative, announced the plan this morning at the Science Museum in Addis Ababa.
By 2028, the operator aims to serve 100 million customers and generate 842.3 billion Birr in revenue, indicating the scale of its ambitions both at home and in regional markets.
Source: shegamedia
@memicrypto
Ethio telecom has unveiled a new three-year strategy that aims to take the 131-year-old operator beyond Ethiopia’s borders.
The teleco giant, which earned a total of 331 billion Birr under its recently concluded Lead Growth initiative, announced the plan this morning at the Science Museum in Addis Ababa.
By 2028, the operator aims to serve 100 million customers and generate 842.3 billion Birr in revenue, indicating the scale of its ambitions both at home and in regional markets.
Source: shegamedia
@memicrypto