Money Market Watch

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Money Market Watch

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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