One of the parallel market actors said that the exchange rate was at 104 birr per dollar, other two sources claimed that as of Friday (September 30) that the rate showed dips from last week’s rate.
If this continues, hyper inflation is set to loom over the local currency, experts warn.įrom Capital’s investigation of various illegal market rates, volatility has widely been observed throughout the week. Volatility and disparity of foreign currency exchange arise in the black market with sabotage signaled as the primary fuel by financial experts.
