Tigray Faces Severe Cash Crunch as Black-Market Rates Hit 25 Percent
Tigray faces a severe cash crisis as black-market rates hit 25%. Read more on the liquidity crunch disrupting aid and daily commerce. Read.
Image: borkena.com
By Staff Writer
NAIROBI, Kenya β A critical liquidity crisis in the Tigray region has triggered a thriving black market for cash, with informal brokers charging commissions as high as 25% to supply physical birr notes, according to a report by Wazema... [3191 chars]
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