Ethiopian central bank tightens limits on foreign exchange
Inflation was 33.5% in July
The Ethiopian central bank has tightened controls on birr and foreign currency use, as fighting resumes in Tigray and Amhara in the country’s ongoing civil war.
National Bank of Ethiopia governor Yinager Dessie signed the directive, which came into effect September 5.
Persons travelling to and from Ethiopia can hold up to 3,000 birr per visit. According to the official daily exchange rate, this is equivalent to $57.15, or around 52 birr to the dollar.
Earlier this year, the birr fell 26% to
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