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Ethiopian Finance Minister De Etto said that through the macroeconomic reforms announced early last week, Ethiopia has received a total of more than $27 billion in funding from international financial institutions and other sources.
Minister D’Etau Job Tekalini said that after this, the government will ask the House of Representatives to approve an additional budget of more than 500 billion birr/500 billion US dollars.
Relatedly, as the purchasing power of the birr weakened, banks increased the purchase price of $1 above 100 birr.
Economists interviewed by VOA said that silver’s strength will continue to weaken, and this process will be determined by the amount of US dollars in the market.
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