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Ethiopia's birr black-market evaporates as confidence booms
People gather on the streets holding the flags of Ethiopia and Eritrea celebrating the arrival of Eritrean President to Addis Ababa on July 14, 2018. PHOTO | AFP
A “hard currency amnesty” and reform-driven confidence in Ethiopia’s economy, both at home and abroad, have helped close a once yawning gap between the official and black market exchange rates for its birr currency.
