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Stirring the macroeconomy

Stirring the macroeconomy

Planned and executed in the utmost secrecy under code name Project X, the core macroeconomy team of Prime Minister Abiy Ahmed (PhD) has been busy this week implementing a massive currency demonetization and injection of the new banknotes and 200-birr denomination through the nation’s banking system. Pictured above are from left: Ahmed Shide, Finance Minister, PM Abiy Ahmed and Yinager Dessie (PhD), Governor of the National Bank of Ethiopia, conferring on the sidelines of the taxpayer appreciation day held at Unity Park on Thursday. Apart from the three, Girma Birru, former Trade and Industry minister and now advisor to the PM, Teklewold Atnafu, former Governor of NBE and now advisor to the PM, Eyob Tekalign (PhD), State Minister of Finance, and the economic advisory team at the Office of the Prime Minister (OPM) were said to have been involved in the project.