Banks’ monthly FX sales to businesses hit half a billion dollars in first tear of the macroeconomic reform - Capital Newspaper

Banks’ monthly FX sales to businesses hit half a billion dollars in first tear of the macroeconomic reform - Capital Newspaper

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 resul…