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War-Wracked Ethiopia Tightens Money Supply as Inflation Tops 30%

  • Nation’s inflation quickens to near decade high in August
  • Civil war in north of country is fueling price-growth
A market in Hawassa, Ethiopia.

A market in Hawassa, Ethiopia.

Photographer: Amanuel Sileshi/AFP/Getty Images
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Ethiopia’s central bank expects new measures aimed at curbing illegal foreign-exchange trading and reducing local-currency supply to gradually bring down an inflation rate that’s at a near decade high, according to Vice Governor Fikadu Digafe.