Ethiopia News News Ethiopia » 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 ...
News Ethiopia » Cryptocurrencies: Ethiopian Central Bank Urges Residents to Stop Engaging in Crypto Transactions
News channel or source: https://news.bitcoin.com/ethiopian-central-bank-urges-residents-to-stop-engaging-in-crypto-transactions/
Published on: Tuesday 07 June 2022
The National Bank of Ethiopia (NBE) has said it does not recognize cryptocurrencies as a legitimate method of payment and that residents must avoid using them. The bank insists the local birr currency ...