Sunday, April 2, 2023
BusinessCentral Bank freezes accounts of 392 'currency dealers'

Central Bank freezes accounts of 392 ‘currency dealers’

The National Bank of Ethiopia ordered banks to freeze the accounts of over 392 individuals accused of trading foreign currencies in the parallel market.
Yinager Dessie (PhD), governor of the central bank, has confirmed that their assets have been frozen and the case is now under investigation.
The crackdown is taking place at a time when the difference between the legal market and the parallel market has increased exponentially over the last two months. This week, it climbed to 100 percent.
 
- Advertisement -

Subscribe

Popular

More like this
Related

Newly formed Sheger City breaches human rights law: report

Commission accuses Oromia region of forced evictions, demolitions Massive demolitions...

Bole Airport key transit zone for Brazilian cocaine smugglers, UN says

A new report from the United Nations Office on...

KCB Group considers buying stake from Ethiopian bank

The top Kenyan bank, KCB Group, is looking at...

Houses cost more than ever

Housing is now more expensive than ever, according to...