Exchange Rate in Ethiopia
Ethiopia - Exchange RateThe economy likely remained in a tight spot in Q1 FY 2021 (8 July 2021–7 July 2022), amid surging Covid-19 cases and persisting domestic conflict. Mounting price pressures in August, with headline inflation reaching the highest rate since at least December 2012, will have chipped away at consumer spending. In other news, in light of the escalating war in the Tigray region, Prime Minister Abiy Ahmed met with the Turkish president in late August, seeking international help to contain the conflict: The signing of several bilateral agreements on military cooperation, finance and water resources, as well as Turkey’s proposal to help mediate the country’s border dispute with Sudan, bodes well for activity ahead. Meanwhile, in early September, U.S. President Joe Biden signed an executive order empowering U.S. authorities to impose sanctions against leaders behind the conflict in Ethiopia.
Ethiopia - Exchange Rate Data
|Exchange Rate (vs USD)||21.26||22.40||27.58||28.20||32.00|
5 years of economic forecasts for more than 30 economic indicators.
Ethiopia Exchange Rate Chart
Source: Thomson Reuters.
|Exchange Rate||31.98||0.01 %||Jan 01|
|Stock Market||0.4||0.0 %||Jan 07|
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