Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Politics › Ethiopia’s Currency Sinks as Central Bank Burns Through Dollars
Politics

Ethiopia’s Currency Sinks as Central Bank Burns Through Dollars

Bloomberg Markets Wednesday 19 August 2026, 06:00 UTC By Ray Ndlovu and Fasika Tadesse 1 min read
Key Points

Ethiopia is burning through billions of dollars in a frantic — and so far unsuccessful — bid to stem the selloff in its currency.

Ethiopia is burning through billions of dollars in a frantic — and so far unsuccessful — bid to stem the selloff in its currency.
Ethiopia (LOCATION) Currency Sinks as (EVENT) Central Bank (ORG)
Originally published by Bloomberg Markets Read original →

Related Stories

Ukraine's Zelenskyy faces call for wartime election from former defense chief

Ukraine's former defense chief Mykhailo Fedorov has called for wartime elections in what many see as the most direct political challenge to President Volodymyr Zelenskyy since Russia launched its full-scale invasion nearly four-and-a-half years ago. Fedorov, who was unexpectedly sacked last month as part of a government reshuffle, said Tuesday that "democracy cannot be held hostage by Russia," according to a Reuters translation. "We must find a legal, safe and realistic mechanism that will...

CNBC 15m ago

'Voice sample not required': Rahul's counsel opposes plea in Savarkar defamation case

'Voice sample is not required': Rahul Gandhi’s counsel opposes plea in Savarkar defamation case Edited by: Yashasvi Vasistha / TIMESOFINDIA.COM / Aug 19, 2026, 12:04 IST Comments Share AA Text Size Small Medium Large File photo: Leader of opposition in the Lok Sabha Rahul Gandhi NEW DELHI:

Times of India 28m ago

In Singapore’s battle of casinos, Marina Bay Sands holds winning hand against Sentosa

In Singapore’s battle of casinos, Marina Bay Sands holds winning hand against Sentosa Malaysia’s Genting is under pressure to woo high rollers away from its Las Vegas counterpart as its gaming licence comes up for renewal It is one of the incidents that has made the casino duopoly in one of the world’s top gambling venues more lopsided in the past few years. That is putting pressure on the Sentosa Island resort, whose gaming licence is due for renewal in the coming months. The Southeast...

South China Morning Post 29m ago

Number of trees to be removed from North Adelaide Golf Course 'not certain', court hears

Number of trees to be removed from North Adelaide Golf Course 'not certain', court hears In short: In its third day of trial, government lawyers have contradicted SA's Premier, telling the Federal Court the exact number of trees to be removed is not known. The Premier says they had released the number publicly before the state election, referring to 585 trees to be removed. The trial is expected to continue until Friday.

ABC Australia 34m ago