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Bank of Abyssinia Disburses USD 350 Million in Foreign Exchange to Support Imports - Addis Insight
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Bank of Abyssinia Disburses USD 350 Million in Foreign Exchange to Support Imports - Addis Insight
The Bank of Abyssinia has reported disbursing nearly USD 350 million in foreign exchange during the current fiscal year. This disbursement is part of the bank’s strategy to ease the foreign exchange (forex) shortage that has been impacting Ethiopia’s economy, especially in relation to trade and the import sector. The allocation aims to provide support to businesses that rely on foreign currency to import essential goods, helping to address the c…
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