Industry Minister highlights foreign exchange challenge
The Minister of Industry, Melaku Alebel, recently addressed the House of People’s Representatives, revealing significant challenges in the country’s foreign exchange supply. He noted that the current demand from banks for foreign currency exceeds typical levels, making it difficult to provide the necessary foreign exchange as planned. This situation has arisen amidst ongoing macroeconomic reforms that have created opportunities for industries by reducing export and import costs.
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Source: capitalethiopia
@Ethiopianbusinessdaily
The Minister of Industry, Melaku Alebel, recently addressed the House of People’s Representatives, revealing significant challenges in the country’s foreign exchange supply. He noted that the current demand from banks for foreign currency exceeds typical levels, making it difficult to provide the necessary foreign exchange as planned. This situation has arisen amidst ongoing macroeconomic reforms that have created opportunities for industries by reducing export and import costs.
Read More
Source: capitalethiopia
@Ethiopianbusinessdaily