MALASAY

The central bank of Ethiopia, in an effort to calm the market, following the depreciation of the Birr against a basket of major foreign currencies, gave a press conference on Friday, September 3, 2... 010, from which Teklewold Atnafu, governor of the bank, was conspicuously absent. The macroeconomic team of the country, which the governor is also a member of, had presented a new exchange rate of 16.351 Br against the dollar, a sharp and unexpected depreciation of 20pc.