In 2020, Ethiopia imported goods worth around $ 13.11B and exported $3.5B, making it the number 127 exporter globally. the countries economy received a brutal hit with free trade cut-offs, import and export rates, and foreign direct investment traction. It is still not resolved, and the black market is anticipated to worsen the situation. Since PM Abiy Ahmed came into power three years ago, the shortage of hard currency has been overlooked to the extent it was triggered due to the war. Most hotels, service givers, and different business sectors are opening a wide door for diaspora investment to encourage the dollar flow at a high rate. Presumably, the PM’s call for Diaspora is expected to inflow forex into the country. with instability in most parts of the country, and it’s said to be one of the factors contributing to the skyrocketing exchange rate of the dollar in the past year. The conflict in Northern Ethiopia that took place in November 2020 has an indefinite economic crisis.
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