Ethiopia's Birr Plunges as Central Bank Burns Dollar Reserves
Ethiopia's birr hits record low as the central bank burns through dollar reserves, signaling deeper currency pressure and rising import costs.
Ethiopia's birr hits record low as the central bank burns through dollar reserves, signaling deeper currency pressure and rising import costs.
Nigeria’s Dangote Refinery ends naira pricing for oil products, forcing buyers to pay in dollars and raising costs for Africa’s largest economy.
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Ethiopia’s election unfolds as the birr collapses to record lows, inflation surges, and security crises sap investor confidence in frontier markets.