Government to Launch a New Operation to Curb Illegal Foreign Currency Outflow
Ethiopian government to launch a new Operation to curb illegal Foreign currency outflow in the coming days.
Speaking in a live broadcast this morning, Abiy Ahmed said the government is to begin a nationwide campaign to control any illegal foreign currency trafficking in the nation.
Prime minister address the public, who has an accumulation of foreign currency at hand, to depose it to bank urgently.
As a huge amount of foreign currency is injected to the economy the public has to put the money in a bank before the worst comes, Abiy cautioned today.
However, no procedure of the operation or any other details were disclosed
It is frequently mentioned that foreign currency shortage is one of the biggest problems of the countries economy.
In recent days, dollar exchanging rate in the black market in Ethiopia declines surprisingly very close to bank rates.