The birr's value against the U.S. dollar slumped by 30% to 74.73 per dollar, the country's biggest lender, Commercial Bank of Ethiopia said. The currency had been trading at 57.48 birr to the ...

Opinion - The weighted average of all successful bids in the latest round of the central bank's forex auctions registered at 133.17 Birr per USD.

Ethiopia's cabinet has approved a nearly 2 trillion birr ($15 billion) budget for the 2025/26 financial year starting in July, a 31% increase from the previous year, the Prime Minister's office ...

“Ethiopia’s national currency is the Ethiopian Birr, any financial transaction in Ethiopia is expected to be paid in Birrs, according to the law,” the NBE reportedly stated. The announcement quickly ...

Rwandan franc, Ethiopian birr, Ghanaian cedi. Rwandan election ahead. The Rwandan franc has crashed hard in the past decades even as the country has made a lot of progress and remained in peace.

Ethiopia's council of ministers approved a supplementary budget of 27.89 billion birr ($877.87 million) for 2019/2020 to finance economic reforms, Prime Minister Abiy Ahmed's office said in a ...

Ethiopia’s birr is overvalued and the country would benefit from a devaluation to boost export revenue and accelerate economic growth, the World Bank said. Reducing the currency’s value by 10 ...