https://www.youtube.com/watch?v=90ZWLgXhD0w
During today’s assembly at United Nations African Economic Commission conference, a study presented pointed out National Bank of Ethiopia is accountable to the recent economic inflation in the country. According to Ato Tarekegn Newt, a lecturer at St. Mary University and economics analyst the bank has lost its objective of controlling economic inflation due to the political appointees running the management. He also suggested that the bank should hire experts who are impartial and experienced to create a major change. The result of this failure is shown in the latest devaluation of Ethiopian Birr which reflected the country’s situation poorly.
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