Ethiopia's recently liberalized foreign exchange market remains influenced by government decrees rather than pure market forces, according to Addis Fortune, continuing challenges for businesses.
Addis Fortune, Ethiopia's leading English business weekly, reports that despite liberalization efforts, the forex market is still primarily directed by official decrees instead of supply-and-demand prices. This update follows earlier coverage of market opacity and elusive real exchange rates, highlighting persistent hurdles in achieving a fully market-driven system. Limited details on specific decrees or impacts are available, but the situation underscores ongoing financial market dynamics affecting the Ethiopian business community.