Ethiopia’s foreign currency shortage-prime minister has warned that there will be no quick fix to the scarcity of foreign currency in the country

Ethiopia’s foreign currency shortage: Ethiopia’s prime minister has warned that there will be no quick fix to the scarcity of foreign currency in the country. Yet it seems that some sectors of the economy are getting preferential treatment when it comes to accessing hard foreign cash.


Ethiopia’s prime minister has warned that there will be no quick fix to the scarcity of foreign currency in the country. Yet it seems that some sectors of the economy are getting preferential treatment when it comes to accessing hard foreign cash.


According to several traders who spoke to Addis Standard on conditions of anonymity, officials from the revenue and costumes authority Addis Abeba branch, have first arrived with security forces on Saturday May 19 with court warrant letters to confiscate Niyala cigarette merchandise, which the officers said were imported via contraband. “They have confiscated several packages of the said brand cigarettes and have taken them loaded on dozens of mini trucks,” said one trader, “however, they continue coming back as of Monday and starting from Wednesday the security forces are confiscating almost every merchandise they find from Tewekel mall and other shops in its surrounding.”