cbe

USD
124.0086
126.4888
,
GBP
152.3866
155.4343
,
EUR
128.3365
130.9032
,
CHF
134.1436
136.8265
,
SEK
11.0023
11.2223
,
NOK
10.7134
10.9276
,
DKK
16.8993
17.2373
,
DJF
,
JPY
0.7759
0.7914
,
CAD
84.628
86.3206
,
SAR
33.0073
33.6675
,
AED
33.7659
34.4412
,
INR
,
KES
,
AUD
75.3049
76.811
,
ZAR
,
CNY
16.6728
17.0063
,
KWD
394.889
402.7867

awash

abyssinia

USD
128.5528
131.1239
,
GBP
165.8666
169.1839
,
EUR
139.2741
142.0596
,
AED
35.0023
35.7023
,
CHF
146.2822
149.2078
,
SEK
12.8649
13.1222
,
NOK
12.2549
12.5
,
CAD
89.8091
91.6053
,
SAR
34.2826
34.9683
,
CNY
17.7251
18.0796

abay

USD
128.9858
131.5655
,
GBP
166.6109
169.9431
,
EUR
139.3691
142.1565
,
AED
35.1154
35.8177
,
ZAR
7.0246
7.1651
,
SAR
34.3824
35.0701
,
JPY
0.8633
0.8806
,
CHF
146.2092
149.1334
,
AUD
80.6161
82.2284
,
CNY
17.7427
18.0975

zemen

CAD
89.8435
91.6404
,
EUR
138.9189
141.6973
,
GBP
165.9578
169.277
,
SEK
12.8421
13.0989
,
USD
128.5498
131.1208

buna

USD
128.9095
131.4877
,
EUR
136.2025
138.9266
,
GBP
159.1011
162.2831
,
AED
34.8035
35.4996
,
SAR
33.9024
34.5804
,
CAD
89.1012
90.8832
,
AUD
64.239
65.5238
,
JPY
0.8603
0.8775

nib

USD
128.4164
130.9847
,
GBP
165.9127
169.2309
,
EUR
138.544
141.3148
,
CHF
145.6546
148.5677
,
CAD
89.7389
91.5337
,
AED
34.9627
35.662
,
SAR
34.2307
34.9153

berhan

USD
129.1597
131.7429
,
EUR
138.8157
141.592
,
GBP
160.1753
163.3788
,
CAD
89.9566
91.7557
,
AED
35.1618
35.865
,
CNY
17.8058
18.1619

wegagen

USD
128.9681
131.5475
,
GBP
166.6011
169.9331
,
EUR
139.1824
141.9661
,
CHF
145.9274
148.8461
,
SEK
12.8839
13.1416
,
CNY
17.746
18.1009
,
JPY
0.8641
0.8814

dgb

USD
128.1012
130.6632
,
EUR
137.0599
139.8011
,
GBP
157.4803
160.6299
,
CHF
130.8214
133.4378
,
SAR
29.9468
30.5457
,
AED
36.7329
37.4675
,
CAD
79.1617
80.7449

enat

USD
128.8873
131.461
,
EUR
139.2584
142.0436
,
GBP
166.4786
169.8082

ahadu

USD
129.1177
131.7001
,
GBP
154.3672
157.4545
,
EUR
135.5371
138.2478
,
CAD
58.8603
61.8033
,
SAR
21.7111
22.7967
,
AED
22.1751
23.2839

addis

EUR
139.2568
142.0419
,
GBP
165.3348
168.6415
,
USD
129.5932
132.1851
,
CHF
147.0645
150.0057
,
JPY
0.8688
0.8861

dashen

USD
128.5495
131.1205
,
EUR
137.548
140.2989
,
GBP
158.0352
161.1959
,
CAD
84.0711
85.7525
,
AED
31.6728
32.3063
,
SAR
31.01
31.6302
,
CNY
16.1144
16.4367

oromia

lion

USD
131.108
133.7302
,
GBP
163.6378
166.9106
,
EUR
140.736
143.5507

developmentbank

USD
128.3104
130.8766
,
GBP
165.9182
169.2365
,
EUR
138.7549
141.53
,
CHF
145.5261
148.4367
,
SEK
12.7869
13.0427
,
NOK
12.1481
12.391
,
DKK
18.5973
18.9693
,
DJF
0.7186
0.733
,
JPY
0.8594
0.8765
,
CAD
89.3651
91.1524
,
SAR
34.2052
34.8893
,
AED
34.9306
35.6292
,
INR
1.5016
1.5316
,
KES
0.9916
1.0114
,
AUD
80.1555
81.7586
,
SDR
171.5895
175.0213
,
ZAR
6.996
7.1359
,
CNY
17.6887
18.0425
,
KWD
415.8283
424.1449

coop

USD
128.8606
131.4378
,
GBP
158.331
161.4976
,
EUR
136.4649
139.1942
,
AED
32.994
33.6538
,
SAR
32.2674
32.9128

gadaa

USD
130.0202
132.6206
,
GBP
161.73
164.9646
,
EUR
141.2437
144.0686
,
AED
33.7659
34.4412
,
SAR
33.0073
33.6674
,
CHF
134.1436
136.8265

hijra

USD
130.0618
132.663
,
EUR
142.1318
144.9744
,
GBP
161.5253
164.7558
,
SAR
34.3035
34.9896
,
AED
35.0346
35.7353

amhara

USD
131.05
133.671
,
GBP
169.5001
172.8901
,
EUR
141.1409
143.9637
,
CAD
91.4579
93.287
,
AED
35.6812
36.3948
,
SAR
34.9383
35.637

tsehay

USD
125.9729
128.4923
,
GBP
154.0817
157.1634
,
EUR
130.0158
132.6161
,
CAD
86.9537
88.6927
,
SAR
33.3311
33.9977
,
AED
34.0606
34.7419
,
AED

tsedey

USD
130.5106
133.1209
,
EUR
141.0167
143.8371
,
GBP
168.5806
171.9522
,
AED
35.5305
36.2411
,
CHF
147.9377
150.8965
,
SEK
13.0212
13.2817
,
NOK
12.4419
12.6907
,
DKK
18.8976
19.2756
,
DJF
0.7309
0.7456
,
INR
1.5241
1.5546
,
JPY
0.8735
0.891
,
CAD
90.7395
92.5543
,
SAR
34.7889
35.4847
,
ZAR
7.1076
7.2498
,
CNY
17.9524
18.3115
,
KWD
423.1547
431.6177
,
KES
1.0086
1.0288

siinqee

USD
128.0292
130.5898
,
EUR
139.9171
142.7154
,
GBP
159.6959
162.8898
,
SAR
23.1262
23.5887
,
CHF
123.4786
125.9482
,
AED
32.7831
33.4388

hibret

USD
128.6
131.172
,
EUR
140.8406
143.6574
,
GBP
160.5002
163.7102
,
CHF
145.5739
148.4854

gohbetoch

USD
131.0305
133.6511
,
EUR
135.3352
138.0419
,
GBP
156.7013
159.8353
,
AED
34.3079
34.9941

nbe

JPY
0.8665
0.8752
,
KWD
417.9152
422.0944
,
CNY
17.7875
17.9653
,
ZAR
7.0183
7.0885
,
XDR
171.7917
173.5096
,
EUR
140.5463
141.9518
,
AED
35.0785
35.4293
,
SAR
34.3555
34.6991
,
AUD
81.0576
81.8682
,
CAD
89.3778
90.2716
,
USD
128.847
129.3175
,
KES
0.995
1.0248
,
INR
1.4766
1.4914
,
DJF
0.7216
0.7433
,
DKK
18.8431
19.0315
,
NOK
12.0765
12.1973
,
SEK
12.7837
12.9115
,
CHF
145.9527
147.4122
,
GBP
166.7409
168.4083

binance

USDT
154.8
154.17

Failed financial discussion between Ethiopia and the IMF

The realm of international finance, negotiations between nations and the International Monetary Fund (IMF) are pivotal moments that can shape the economic future of a country. Ethiopia, a nation with a rich history and a dynamic economy,has recently found itself at a crossroads in its discussions with the IMF.
Background of the Negotiations

The IMF staff, led by Mr. Alvaro Piris, concluded their mission to Ethiopia without reaching an agreement. This visit, which took place from March 19 to April 2, 2024,was aimed at discussing the Ethiopian authorities’ request for IMF support for their reform program. The mission was a follow-up to earlier discussions and was supposed to establish how the IMF could support Ethiopia’s economic program

Progress and Challenges
Despite the lack of a final agreement, the IMF team made substantial progress in understanding the Ethiopian authorities’ economic program and discussing potential support . The discussions are set to continue at the IMF/World Bank Spring Meetings later this month.

The IMF team acknowledged the significant steps Ethiopia has taken to bring down inflation and stabilize the economy, including fiscal and monetary tightening. These efforts are part of Ethiopia’s Homegrown Economic Reform Agenda,which aims to fulfill the country’s considerable economic potential. However, the stalemate in negotiations raises questions about the future of Ethiopia’s economic reforms and the role of the IMF in supporting them. The IMF’s press release on April 2, 2024, indicated that while the mission did not result in a Board discussion, there is still room for continued dialogue. The Ethiopian government’s commitment to reform and the IMF’s willingness to support these efforts suggest that an agreement could still be within reach.

Looking Ahead As Ethiopia and the IMF resume their discussions, the international community watches with keen interest. The outcome of these negotiations will not only affect Ethiopia’s economic trajectory but also serve as a benchmark for other nations seeking IMF support. The hope is that both parties will find common ground and pave the way for a prosperous and stable economic future for Ethiopia.

The IMF’s Stance the IMF has recognized Ethiopia’s request for financial support, which aims to address critical issues such as food security, humanitarian needs, and high inflation, while also supporting domestic economic reforms. However, despite a series of discussions and visits by IMF representatives to Addis Ababa, a consensus has yet to be reached.The Current Status as of the latest reports, the two-week round of discussions between Ethiopian officials and an IMF delegation in Addis Ababa has concluded
without reaching a financial package deal.

This development has raised questions about the next steps and the potential impact on Ethiopia’s economic recovery.Looking Forward the path ahead for Ethiopia remains uncertain. The nation’s economic stability hinges on the successful resolution of these negotiations. With the IMF indicating that discussions will continue at the upcoming IMF/World Bank Spring Meetings. there is hope for progress.

The international community and Ethiopia eagerly await a resolution that will pave the way for economic recovery and growth.The negotiations between Ethiopia and the IMF represent a critical juncture for the country. While the current impasse is a setback, it is not the end of the road. With continued dialogue and a mutual commitment to economic stability and growth, there is optimism that an agreement beneficial to both Ethiopia and the IMF can be reached.