Ethiopia’s central bank devalues currency by 15 percent, hikes rates

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ADDIS ABABA, Oct 10 (Reuters) – Ethiopia’s central bank has devalued the Ethiopian birr by 15 percent to boost lagging exports, its deputy governor announced on Tuesday. The bank also raised its main interest rate to 7 percent from 5 percent, he said. (Reporting by Aaron Maasho; editing by John Stonestreet)

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A warsame

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