What Ethiopia floating its currency means.
Focus on Africa
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Ethiopia's Currency Conundrum
This chapter delves into Ethiopia's transition from a fixed to a managed floating exchange rate, analyzing the economic ramifications of this shift. It highlights the pressures from international financial institutions and the impact of currency depreciation on the cost of living and investment climate. The discussion further touches on the wider implications for African economies facing similar currency challenges amidst ongoing crises and instability.
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Transcript
