Ethiopia will reduce its financial reserves by 3.9 percent to tame raging inflation, which reached 35 percent last year.
Prime Minister Meles Zenawi told parliament on Tuesday that the country’s central bank had a lot of money in reserves but he did not mention the actual amount.
Source: The Africa Report
drummed
by aster
in Drum Banking
(Ethiopia)
45 weeks 4 days ago
share
+1 by aster,
+1 by Vavi