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Ethiopia , Thursday 16 April 2026

News Ethiopia » Addis Ababa » Cryptocurrencies: Dollar Squeeze, Accelerating Inflation Pummel Ethiopian Currency

News channel or source: https://www.bloomberg.com/news/articles/2022-06-09/dollar-squeeze-accelerating-inflation-pummel-ethiopian-currency

Published on: Wednesday 08 June 2022

Surging inflation and a shortage of hard currency in Ethiopia are driving up the price of US dollars on the black market and spurring increased use of cryptocurrencies. The birr traded at 82 per ...

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News Ethiopia » Addis Ababa » Cryptocurrencies: Dollar Squeeze, Accelerating Inflation Pummel Ethiopian Currency