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Ethiopia’s New Currency Notes to Choke Illicit Financial Flows

Ethiopia’s New Currency Notes to Choke Illicit Financial Flows

Ethiopia’s government decision to change banknotes and issue higher denomination bill would have significant importance to curb the rampant illicit money transfer and circulation of false money whilst facilitating transactions, according to a finance expert. Prime Minister Abiy Ahmed announced yesterday that the existing 10,50 and 100 Birr notes are replaced with new notes that […]

Sudanese Pound Hits Record Lows Against World Currencies

Sudanese Pound Hits Record Lows Against World Currencies

The rate of the Sudanese Pound (SDG) is trading at all-time lows on the streets of Khartoum. There is no end in sight for the ongoing economic malaise in the country – largely a legacy of the corruption and mismanagement by the deposed Al Bashir regime – that has led to unrelenting price hikes for […]