Ethopia: Birr plummets after PM Abiy calls to further narrow gap between official, black markets

Addis Abeba – Prime Minister Abiy Ahmed, on Thursday, stated the need to narrow the gap between the black market and official exchange rates following the recent macroeconomic reforms supported by the International Monetary Fund (IMF) and World Bank (WB). 

“I don’t believe the exchange rate policy currently followed by the banks ensures proper [currency] unification. We need to reduce the gap between the black market and the…