The Ethiopian Council of Ministers recently approved a draft proclamation that paves the way for the launch of a central bank digital currency (CBDC). The National Bank of Ethiopia (NBE) stated that the draft considers rapid technological advancements and draws from the experiences of fellow central banks. Proclamation Grants Ethiopian Central Bank Authority to Launch […]
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Inflation Holds Steady at 2.4% in February as US Stocks Open With Caution on Geopolitical Risks
U.S. stocks opened cautiously Wednesday morning after fresh inflation data showed consumer prices rising at a steady pace in February,...
