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The Pulse Africa report indicates that both currencies experienced year-to-date reductions in value that exceeded 10 percent. In South Sudan, the weakening of the currency is attributed to damages in the oil pipeline from the war in neighboring Sudan, which has lowered export revenues.
In Ethiopia, the foreign exchange market liberalization effort is being tested by a surge in the parallel premium as businesses struggle with limited formal access to US dollars amid market inefficiencies and restrictions, according to the report.
A World Bank analysis published recently names the Ethiopian Birr and the South Sudanese Pound as the weakest-performing currencies of 2025.The Pulse Africa report indicates that both currencies experienced year-to-date reductions in value that exceeded 10 percent. In South Sudan, the weakening of the currency is attributed to damages in the oil pipeline from the war in neighboring Sudan, which has lowered export revenues.
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https://trendsnafrica.com/ethiopian-central-bank-auctions-us-dollar-to-commercial-banks/
In Ethiopia, the foreign exchange market liberalization effort is being tested by a surge in the parallel premium as businesses struggle with limited formal access to US dollars amid market inefficiencies and restrictions, according to the report.
In response, the National Bank of Ethiopia (NBE) has announced a series of measures that included public disclosure and capping of banks’ fees and charges on foreign exchange transactions, and higher limits on foreign exchange sales allowed for advanced payments for imports, business, and personal travel.
