Money Market Watch

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Money Market Watch

Oct 13 , 2024

Brewed Buck on the Ropes as Banks Play Hardball in the Forex Frenzy

The Brewed Buck continued its steep decline against the U.S. Dollar last week, a slide that has accelerated since the National Bank of Ethiopia (NBE) liberalised the exchange market in late July. Desp...

Oct 6 , 2024

Birrs Steep Slide Fuels a Battle of Wills, Rising Costs

Last week, Birr experienced pronounced volatility against the U.S. Dollar, revealing deep-seated structural imbalances and an immediate liquidity crunch in the foreign exchange market. The turbulence...

Sep 28 , 2024

Banks Remain in a Desperate Scramble as Birr Continues to Bite the Dust

The Birr has continued spiralling downward against the U.S. Dollar over the past week, deepening the predicaments facing the country's financial system since the authorities liberalised the foreign ex...

Sep 22 , 2024

Wild Swings in Birr Rates Reveal Whos Playing It Safe

The foreign exchange market plunged into volatility last week in the aftermath of the Central Bank's decision to float the Birr, leading to sharp disparities in exchange rates among commercial banks....

Sep 14 , 2024

Banks Woo Forex Remitters Amid Holiday Calm as Birr Continues Slide

Birr's relentless depreciation against the U.S. Dollar took a brief pause last week as the New Year holiday introduced an unusual calm to the forex market. Yet, beneath the surface, banks were intensi...

Sep 8 , 2024

Banks Push Boundaries with Widening Forex Spread

The Birr's depreciation against the US dollar has notably accelerated over the past week, unfolding the economic impact of the central bank's decision to float the currency a month ago. Following the...

Sep 1 , 2024

In a Tailspin, Birr Continues to Float into a Sea of Uncertainty

The Birr has continued to see a sharp depreciation against the U.S. dollar over the six days last week, exposing the economy's fragility following the National Bank of Ethiopia's (NBE) decision to flo...

Aug 25 , 2024

Birr Learns the Hard Way That Gravity Isnt Only for Apples

The Birr has faced a precipitous depreciation against the US dollar over the six days last week, a period marked by policy shifts in the foreign exchange market. From August 19 to August 24, 2024, the...

Aug 18 , 2024

Forex Volatility Reveal Birr's Struggle to Find Footing

The Birr took a notable tumble over six days last week, marking a continued turbulent time in recent memory. The National Bank of Ethiopia's (NBE) decision to float the currency, a historic move that...

Aug 11 , 2024

Buying, Not Selling Banks

The Birr experienced extraordinary but understandable volatility last week, reflecting broader government monetary policy changes. Between August 5 and 10, 2024, the currency saw a steep decline again...

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Addis Abeba's Costly Pursuit of Prosperity Bulldozes Dreams on Bargain Prices

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Addis Abeba's Costly Pursuit of Prosperity Bulldozes Dreams on Bargain Prices

Urban renewal is seldom gentle to those on the receiving end of redevelopment. Take severa...

Editorial | Feb 1 , 2025

City Embraces Yoga, Meditation for Wellness

Rihan Demsew, engaged in the import and export trade in Addis Abeba, sought a solution to...

Featured | Feb 2 , 2025 . By YITBAREK GETACHEW

Economic Slowdown, Instability, Tax Burden Bang Small Businesses

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PROSPERITY'S PROMISES, ETHIOPIA'S RECKONING

The incumbent Prosperity Party (PP) rallied 1,200 of its ranks amid a turbulent political...

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