Ethiopia forex inflows jump to record $32 billion

A man counts Ethiopia's birr notes at Merkato, one of Africa's biggest open-air markets, in Addis Ababa, Ethiopia on April 25, 2024.

Photo credit: Reuters

Ethiopia secured more than $32 billion from foreign exchange revenue sources during the Ethiopian fiscal year ended July 7 amid positive macroeconomic reform measures, the National Bank of Ethiopia (NBE) has disclosed.

NBE Governor Mamo Mihretu made the remark on Tuesday while addressing the Ethiopian Finance Forum in the capital, Addis Ababa.