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Published 2 years ago

Report: Gap Between Ethiopian Currency's Official and Parallel Market Exchange Rate Grows to New Record – Africa Bitcoin News

Summary by Ground News
The Ethiopian birr currency's parallel exchange rate against the U.S. dollar dropped to a low of 92 birrs per dollar. The gap between the birr's official and parallel market exchange rates has widened to a record high. The resumption of hostilities in the Tigray region is one of the key factors that caused the Ethiopian currency's latest plunge.

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