Africa
Ethiopia· ĀwashEthiopian Banks Align Forex Rates, CBE Contributes 36.87 Billion Birr in Tax
Nineteen Ethiopian banks have converged their foreign exchange buying rates, while the Commercial Bank of Ethiopia contributed 36.87 billion Birr in annual tax revenue.
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Ethiopian Banks Align Forex Buying Rates, CBE Contributes 36.87 Billion Birr in Tax
First report 16h agoLast update 11h ago2 takes 2
forex market synchronizationneutralShow 2 posts
started 16h ago•Last update 11h ago
The alignment of forex buying rates among Ethiopian banks suggests limited competition and a synchronized approach to currency valuation, impacting customers and investors.
strong state bank contributionneutralShow 1 post
started 16h ago•Last update 16h ago
CBE's substantial tax contribution highlights the robust financial performance and profitability of the state-owned banking sector, significantly aiding national revenue.
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