Money Market Watch

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Money Market Watch

Jan 5 , 2025

Forex Moves Test Market Boundaries While Caution Casts a Long Shadow

Last week, the foreign exchange market provided a window into the persistent tussle between policy objectives and market forces. An outlier emerged in Tsehay Bank, which decisively pushed past the 12...

Dec 29 , 2024

Tsehay Bank Breaks the Buck . . . And the Rules of Caution

Tsehay Bank rattled the foreign exchange market last week by offering a buying rate of over 125 Br to the U.S. Dollar, an unusual move attributed by industry observers to its executives' heightened sc...

Dec 22 , 2024

As Liquidity Dries Up, Forex Market Becomes a Battleground for Survival

The modest depreciation of the Birr last week has amplified pressure on the foreign exchange market, exposing underlying systemic vulnerabilities in liquidity management and the stability of the banki...

Dec 15 , 2024

Banks Tiptoe Around Forex Silent Rules, ShrinkingValues

Last week, the banking industry showed unusual uniformity in its posted foreign exchange rates. Most banks maintained a tight band and refrained from breaking what appeared to be an unofficial ceiling...

Dec 8 , 2024

Banks Push, Regulators Pull, the Birr Takes the Fall

The Brewed Buck moved subtly but persistently against the Green Buck over the past week, uncovering deeper structural issues in the foreign exchange market. Between December 2 and December 7, 2024, ra...

Dec 1 , 2024

As Brewed Buck Buckles, Economy Plays Tug-of-War with Liquidity, Sustainability

The Brewed Buck's persistent depreciation against the US Dollar continued unabated over the six days of last week, uncovering the mounting pressures on the fragile economy, besieged by a severe liquid...

Nov 24 , 2024

Dashen Bucks the Trend as Forex Market Tightens Grip on the Birr

Over the past week, the Brewed Buck has been under intensifying pressure, revealing cracks in the foreign exchange market. Banks were seen adopting varied tactics to respond to the scarcity of dollars...

Nov 16 , 2024

Banks Tiptoe Around the Forex Tightrope, but Dashen Dances to Its Own Tune

The foreign exchange market remained notably stable last week, with only subtle fluctuations in the value of the Brewed Buck against the Green Buck. Banks maintained a uniform spread over the six days...

Nov 9 , 2024

Banks Push the Birr to New Lows, Reform Remains a Far-Off Hope

Over the past week, the Brewed Buck has extended its persistent decline against the Green Buck. Between November 4 and 9, 2024, banks posted progressively higher exchange rates, manifesting mounting p...

Nov 3 , 2024

Banks Carve Out Forex Market with High Rollers, Middlemen, and Bargain Hunters

Over six days last week, the Brewed Buck has been on a subtle slide against the U.S. Dollar, with daily fluctuations displaying a persistent weakening trend. Banks have been adjusting their cash and t...

Oct 27 , 2024

CBE, Oromia Bank Break Ranks as the Brewed Buck Buckles

The Brewed Buck's persistent depreciation against the U.S. Dollar persisted over the past week, demonstrating an ongoing struggle with foreign currency shortages and mounting import pressure. The Birr...

Oct 20 , 2024

Mid-tier Banks Outmaneuver Heavyweights as Pressures Mount on Brewed Buck

The Brewed Buck slid noticeably against the U.S. Dollar over the past week, revealing shifts in the foreign exchange market during evolving banking strategies and the Central Bank's interventions. Bet...

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....

Columns

Commentaries | Apr 26,2025

Policymakers Trudge Down a Path of Punitive Taxation

Benjamin Franklin famously quipped that “nothing is certain but death and taxes.” Yet...

Editorial | Apr 26 , 2025

From Cassette, CD Dreams to Cloud Streams

Key Takeaways Kuku Sebsibie's transition to digital singles represents a shift in the...

Featured | Apr 19 , 2025 . By BEZAWIT HULUAGER

In the Shadows of Renewal, a Generation Struggles to Find Its Place

Takeaways: Hana Melaku's story demonstrates the personal turmoil within the broad...

Agenda | Apr 27 , 2025 . By BEZAWIT HULUAGER

CREDIT AND DEVICES FOR THE MASSES

Neway Magersa (Left), president of Sinqee Bank, shared a lighter moment at the Skylight Ho...

Fortune News | Apr 26 , 2025