Ethiopians sent $1.5 billion

Ethiopians sent  a record $1.5 billion dollars to home in the past year

Ethiopia received a record US$ 1.5 billion from its citizens abroad during the just ended 2010/11 fiscal year, data released by the National Bank of Ethiopia (NBE) has revealed. The figure, which... Read more »
Ethiopian birr

Ethiopian Inflation Accelerates Following Devaluation

By Will Davison Ethiopia’s inflation rate increased to 17.7 percent in January as a devaluation of the local currency in September pushed up import costs, the Central Statistical Agency said. Inflation accelerated... Read more »
National Bank of Ethiopia

Ethiopian Central Bank Increases Saving Interest Rate to 5%

APA-Addis Ababa (Ethiopia) The National Bank of Ethiopia (NBE) on Monday announced increase in savings interest rate to five percent from four percent previously with a view to encouraging savers. It is... Read more »
Ethiopian-new-1-birr

National Bank of Ethiopia dispatched a new one-birr coin

By Tamiru Tsige & Hayal Alemayehu National Bank of Ethiopia (NBE) has dispatched to banks the new one-birr coins that are going to replace the current notes, whose circulation life is estimated... Read more »