Famous singer Hamelmal Abate donated one million birr for those displaced due to the situation in Ethiopia. She said the money was collected to change the car she is driving right now, which is a 2002 model.
But she stressed that without peace there is even no place to drive a car. She was involved in many charity works before and this is the continuity of that trend for her.
The National Bank of Ethiopia (NBE) has issued a new directive that will enable it to manage its foreign exchange earnings.
In its new foreign exchange policy, the Bank has categorized which sectors should be given priority when it comes to foreign exchange, indicating that products that were not previously prioritized will now be given priority.
The Reporter reports that part of the directive, which states that banks should allow 50 percent of their foreign exchange reserves to be given priority, has been included in the new directive.
Another feature of the new directive is that the banks must deposit the unused foreign currency with the National Bank.