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"We'll go to the extent of confiscating their money."

Aug 9 , 2025.

Central Bank Governor Mamo Mihretu, in a video briefing last week, warned business owners caught trading in the parallel foreign exchange market, after the value of the Birr spiked to over 170 to a dollar. The Governor blamed illicit currency trade for a 28pc premium on the official rate.


PUBLISHED ON Aug 09,2025 [ VOL 26 , NO 1319]

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