Ethiopia’s currency dives by 30% as IMF-backed reforms to stabilize the economy take effect

ADDIS ABABA, Ethiopia (AP) — Ethiopia’s currency lost 30% of its value Tuesday, the day after the central bank began implementing a flexible exchange rate policy backed by the International Monetary Fund as part of new measures to stabilize the eastern African nation’s economy.

SOURCE: https://thehill.com/homenews/ap/ap-international/ap-ethiopias-currency-dives-by-30-as-imf-backed-reforms-to-stabilize-the-economy-take-effect/