"Although the decision is late, it a medicine for the economy" Ermias Amelga Part 1

"Although the decision is late, it a medicine for the economy" Ermias Amelga Part 1

News

#Ethiopia

All foreign currency rates are shooting up. Competition among banks is also intensifying.

Private banks are announcing today's daily currency rates.

Foreign currencies are appreciating significantly.

It is approaching 100 dollars.

Above all, the pound sterling and the euro have increased significantly. Hundreds of houses have started playing.

Let's take a look at the banks that came out with higher foreign exchange rates.

Oromia Bank: I bought dollars for 90 Birr and 6055 cents; He said he is selling 94 Birr out of 6827 cents. 

I bought a pound sterling for 116 birr from 4282 cents; He said he is selling 121 Birr out of 6673 cents. 

I also bought Euros for 98 Birr from 0804 cents; He said he was selling 102 Birr out of 4940 cents.

He said he is buying the UAE dirham at 24 birr from 6666 cents and selling at 25 birr from 7766 cents.

Dashen Bank: My dollar purchase is 90 Birr from 7899 cents; He said that he will sell it for 98 Birr 0511 cents. 

He also announced that he will buy 6146 cents at 111 Birr and sell 5437 cents at 120 Birr.

I buy Euro for 98 Birr 4436 cents; He said he will buy 3191 for 106 Birr.

For the buyer who comes with dirhams, it is 22 birr out of 3694 cents; He said that the selling price is 24 birr from 1589 cents.

Abyssinia Bank's purchase price of one dollar is 90 Birr from 0690 cents; He informed that the sale is 93 birr from 2214 cents.

He stated that the pound is 109 Birr from 3495 cents for buying, 113 Birr from 1768 cents for sale.

Euro 97 Birr is buying from 1394 cents and selling 5393 cents at 100 Birr.

The daily currency of other private banks is attached above.

#TikvahEthiopia #Floatingexchangerate