Government-controlled currency that is not backed by a physical commodity like gold or silver. Examples include the US Dollar (USD), Euro (EUR), and Japanese Yen (JPY).
The African Development Bank (AfDB) has approved a $50 million trade finance guarantee for Awash Bank, Ethiopia’s largest private bank...
Ethiopia’s bold economic reforms have won another vote of confidence from the International Monetary Fund (IMF), which on July 2,...
In a major step toward stabilizing its public finances, the Ethiopian government has finalized a Memorandum of Understanding (MoU) with...
Zemen Bank has reported a remarkable profit of 9 billion birr for the just-concluded financial year, with total revenue reaching...
The Commercial Bank of Ethiopia (CBE) has reported a major milestone for the 2024/25 fiscal year, mobilizing over 515 billion...
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