The level of inflation in Ethiopia will decrease to 10% in 2025/2026

Ethiopia inflation will decrease to 10% in the next financial year, the head of the Central Bank of the Republic said last Thursday. This is considered the result of a decade of government reforms.

In July last year, this Eastern African country entered into a four-year program for the amount of $ 3.4 billion and carries out large-scale reforms, including the introduction of a floating time of Byra and renewal Debt restructuring, Xrust reported.

Inflation has become a serious headache for Ethiopia. It amounted to about 30% for three in a row, although in March it had already decreased to 13%, the head of the Central Bank said. According to his forecasts, exports from Ethiopia will double, and money transfers will increase by at least 25%, and noted that the country managed to increase its currency reserves.

The official believes that among serious economic problems there was a reduction and decline in reserves. With the solution of this issue began every day. After the reforms, the level of reserves increased three times.