The National Bank of Ethiopia announced that the gap in the holding and usage of money is the reason for the inflation.
For this reason, he said that he will work hard to stabilize inflation in the new budget year.
According to the Governor of the National Bank Mr. Mamo Mihretu, the inflation in Ethiopia has occurred worldwide but the high rise in prices of fuel, food and fertilizer has increased the estimation like other countries.
They have said that Ethiopia has been in war for the past two years has prevented the change works that have been started.
by Wendimagegn Abebe
2023-07-25
