Tag Archives: Governor of the National Bank of Ethiopia

Ethiopia appoints new National Bank governor and deputy, albeit controversial

by Engidu Woldie ESAT News (June 19, 2018) Billions of dollars in debt, the Ethiopian government appointed a new governor and deputy governor for its National Bank. The decision by Abiy Ahmed, the Prime Minister, to fill the two positions with individuals with no direct experience with macroeconomic issues has already created mumbles in opposition among the banking and macroeconomic ...

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Ethiopia’s forex reserve at all time low, crisis result in firing of Governors of National Bank

By Engidu Woldie ESAT News (May 31, 2018) Ethiopia’s foreign reserve is at an all time low, only enough to cover imports for two weeks. Although not yet official, ESAT sources said the Prime Minister has made a decision to remove the Governor of the National Bank of Ethiopia, Teklewold Atnafu. According to reports reaching from Addis Ababa, the Deputy ...

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