Home Africa Ethopia: PM Abiy signals Franco Valuta overhaul amid economic reform push

Ethopia: PM Abiy signals Franco Valuta overhaul amid economic reform push

Ethopia: PM Abiy signals Franco Valuta overhaul amid economic reform push

Africa Links 24 with Addis Standard2
Published on 2024-10-31 08:43:04

(Photo: EPA)

Addis Abeba – Prime Minister Abiy Ahmed addressed the House of People’s Representatives today, announcing that adjustments to the Franco Valuta policy will be made soon.

“One of the decisions that did not align with the reforms we have implemented in recent months is regarding the Franco Valuta,” the Prime Minister stated to legislators.

He clarified that the decision to permit imports through Franco Valuta was made for two primary reasons.

“First, to provide an opportunity for foreign currency that had…

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