Ethiopia’s FX Black Market – Why Not Just Free The Exchange Rate?

Ethiopia has been cracking down on the black market in foreign exchange in that country. A more sensible idea would be to simply move to a single free market foreign exchange rate – that in itself meaning simply free the market from the current restrictions.

The reason why not to do this is that it removes the privilege that the state sector – and thus all those who benefit from that sector, up to and including politicians – gains from the current controlled market.…

See More