Two remittance figures land a week apart and do not agree

Lakkoofsi ergaa maallaqaa lama torban tokko keessatti bahe; wal hin simne

By The Ensight desk

The Ethiopian Diaspora Service, citing National Bank data, put remittances at US$8.2 billion for the year to 7 July, up from US$7.1 billion. Six days later IFAD recorded US$7.14 billion of formally recorded remittances on a calendar basis, equal to about 5% of GDP. Neither body published a reconciliation. Reserves stand at 2.1 months of import cover.

Source: Ethiopian Diaspora Service; IFAD

Posted 5 Meskerem 2019 E.C. · 11:00 EAT (5:00 Ethiopian time) · Published by Ensight (Mo Creatives)

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