Ethiopia's central bank floated the birr currency on Monday, a move it hopes will secure International Monetary Fund (IMF) support and enable progress on a long-delayed debt restructuring.

The same is happening in Ethiopia, where the birr (ETB) has tumbled to a record low of 58 against the US dollar. It was trading at less than 25 a few years ago. The Ghanaian cedi (GHS) has also ...

According to Project Mano, hodling Bitcoin could also be used as a hedge against the inflation rate of the Ethiopian birr, and it noted that the only way it sees Ethiopia increasing the nation's ...

A man counts Ethiopia's birr notes in Merkato, one of Africa's biggest open air market, in Addis Ababa, Ethiopia, April 25, 2024. REUTERS/Tiksa Negeri/ File Photo Purchase Licensing Rights ...

Ethiopia’s central bank issued a statement reminding its citizenry that business practices made with bitcoin are illegal. The National Bank of Ethiopia warned that “informal financial transactions” ...

The Commercial Bank of Ethiopia (CBE) donated 2.6 million Birr to the Children's Heart Fund of Ethiopia to equip its center with advanced medical tools.

The Ethiopian Customs and Revenue Authority says it collected 84.7 billion Birr revenue from Addis Ababa and other federal establishments over the past 11 months of the outgoing 2013/14 budget year.

Acceptance by Ethiopian policymakers of the need for a gradually weakening birr is likely to lead to IMF staff and board-level agreements by the end of this year, Connor Vasey, managing consultant at ...

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.