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Ethiopiaβs recent liberalisation of its foreign exchange regime has significantly changed its economic landscape. One of the most notable developments is the expanded use of Franco Valuta imports.
This scheme, which allows importers to settle their obligations with foreign currency outside the domestic banking system, has been controversial. While it offers businesses greater flexibility and potentially relieves pressure on the central bankβs foreign exchange reserves, concerns remain about its potential impact on inflation, parallel exchange markets, and illicit financial flows, reports EBRβs Munir Shemsu.
Read more:Β https://ethiopianbusinessreview.net/ethiopias-economic-experiment/
ππππππ π½πππππ & πππ π·πππ ππ π΄πππππ π³πππππππππππππ
Ethiopiaβs recent liberalisation of its foreign exchange regime has significantly changed its economic landscape. One of the most notable developments is the expanded use of Franco Valuta imports.
This scheme, which allows importers to settle their obligations with foreign currency outside the domestic banking system, has been controversial. While it offers businesses greater flexibility and potentially relieves pressure on the central bankβs foreign exchange reserves, concerns remain about its potential impact on inflation, parallel exchange markets, and illicit financial flows, reports EBRβs Munir Shemsu.
Read more:Β https://ethiopianbusinessreview.net/ethiopias-economic-experiment/