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The National Bank of Ethiopia (NBE) in 2008. On 29 July 2024, the National Bank of Ethiopia (NBE) relaxed restrictions on the value of the Ethiopian birr to secure a loan of $10.7 billion from the International Monetary Fund (IMF) and World Bank. [1]
Pages in category "2024 in Ethiopia" ... 2024 in Ethiopia; 0–9. 2024 Ethiopian foreign exchange rate policy; A. ... This page was last edited on 13 February 2023, ...
The birr (Amharic: ብር) is the primary unit of currency in Ethiopia.It is subdivided into 100 santims.. In 1931, Emperor Haile Selassie formally requested that the international community use the name Ethiopia (as it had already been known internally for at least 1,600 years [2]) instead of the exonym Abyssinia, and the issuing Bank of Abyssinia also became the Bank of Ethiopia.
Ethiopia's economy is ranked 159th place out of 190 countries in 'Ease of doing business'. [35] Ethiopia is also a part of African Continental Free Trade Area, Common Market for Eastern and Southern Africa, Intergovernmental Authority on Development, and the G24, and has observer status at the World Trade Organization.
3 January – 2024–25 Ethiopian earthquakes: Volcanic activity is reported in Awash Fentale in Afar Region. [2] 10 January – Ethiopia launches its first stock exchange after the imperial period of Haile Selassie. [3] [4] 11 January – Somali president Hassan Sheikh Mohamud makes a surprise visit to Ethiopia following their peace agremeent ...
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25 December – The Ethiopian National Defense Force closes the country's border with Somalia following heavy fighting in rural areas of Harshin, Fafan Zone, between Ethiopia's Somali regional forces and local clan militias after the killing of a local security chief and his bodyguards. Hundreds of people, including children, flee from their homes.
The Ethiopian New Year has a rich cultural history dating back to the days of Queen Sheba. In fact, the holiday's name is derived from a story about Queen Sheba's return to Ethiopia after a visit ...