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Ethiopia has introduced a significant foreign exchange reform by transitioning from a centrally controlled system to a market-based one. This move aims to address chronic foreign...
Ethiopian BIRR to Foreign Currency Exchange
The Birr has tumbled against the dollar and euro. Dollar is at 40 Birr and Euro is at 48 Birr despite the government’s measures to boost...
The Ethiopian government has been busy building industrial parks in recent years, arguing that it will play a key role to attract foreign investors and making...
The weakening of the Birr against the dollar has far-reaching consequences for the Ethiopian economy. As it exacerbates the problem of inflation, and the increasing value...
One of the most important aspects of Forex trading is having a deep understanding of the market. This requires a significant amount of knowledge, research, and...
The exchange rate can have a significant impact on your budget, and not being prepared can result in additional fees or poor exchange rates. These 20...
Floating exchange rates refer to the way in which a currency’s value is determined by the foreign exchange market, through the forces of supply and demand. This...
The Forex market is decentralized, has high liquidity, reducing the risk of market abuse and price inequality and creating more competitive rates.
Cash App can be a good choice for sending money internationally because of its simplicity, speed, and low fees. Only available for sending money to certain...
Understanding where your money is going and how much is lost in transfer fees is the first important step in saving money on the costs of...
Currency speculation is a high-risk activity and not suitable for everyone. The exchange rate is influenced by a variety of factors and can be unpredictable.
Foreign currency exchange services may include a variety of fees such as currency conversion fee, service charge or commission, ATM withdrawal fee, wire transfer fee, credit...
