Economy
Ethiopia FX Reserves Nearly Triple to $5.6 Billion
BirrMetrics · 7 hours ago · Read the Full Story on BirrMetrics
AI SUMMARY
Ethiopia's foreign reserves have climbed to $5.6 billion and its current-account deficit has narrowed significantly following market-based foreign-exchange reforms.
- Ethiopia's foreign reserves increased from about $2 billion in 2023 to roughly $5.6 billion in 2025.
- The current-account deficit narrowed to $289.3 million in the fiscal year ending June 2025, down from $6.2 billion the previous year.
- Exports surged by 119.2 percent and private remittance inflows rose by 13 percent during the 2024/25 fiscal year.
- Headline inflation dropped from close to 30 percent in January 2024 to 9.7 percent by December 2025 before rising to 13.4 percent in May 2026.
- Enrolment in the national digital identification programme reached about 51 million people, while digital financial transactions hit approximately 33 trillion birr in 2025/26.
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