Value of Ethiopia’s currency don fall by 30% against the US dollar after government relax currency restrictions, according to one of the country’s biggest banks, the Commercial Bank of Ethiopia.

Government don reverse their long-standing policy of fixing exchange rate to fit secure loan of $10.7 billion (£8.3 billion) from International Monetary Fund (IMF) and World Bank.

Some Ethiopians don dey fear say this change fit cause sharp rise in cost of living, especially as inflation don dey high already. The country don dey struggle with chronic shortage of foreign currency, particularly in recent years.

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