Devisenmarkt Äthiopien

 

Ethiopia's currency looks set to gain in coming months, supported by surging gold exports that have surpassed coffee shipments for the first time, the nation's central bank governor said....

Ethiopia started talks with China to convert at least part of the $5.38 billion it owes Beijing into yuan-denominated loans, following an example set by Kenya that bolsters China's efforts to internationalize its currency....

Ethiopia's birr appears set to depreciate further unless the nation is able to boost its foreign-currency reserves and investment flows, and narrow its current-account deficit, Citigroup Inc. said....

Genet Teshome Jirru stressed that "even if there were no sanctions, trade in local currency is always very profitable," since "it allows to avoid transaction costs and losses due to exchange rate fluctuations"...

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