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 Ethiopia takes first step toward CBDC in economic reform

Ethiopia takes first step toward CBDC in economic reform


Published: 2024-06-18


1. Central Bank Digital Currency (CBDC) in Ethiopia The article discusses the plans of the National Bank of Ethiopia (NBE) to introduce a central bank digital currency (CBDC) as part of the country's economic reform efforts. The CBDC aims to enhance financial inclusion and efficiency,reduce transaction costs,and modernize the country's financial system.

2. Economic Reform in Ethiopia Ethiopia is undergoing significant economic reforms to address macroeconomic imbalances,improve foreign currency shortages,and boost economic growth. The introduction of a CBDC is just one aspect of these broader economic reform efforts being pursued by the Ethiopian government.

3. Potential Impact on Financial Sector The article highlights how the introduction of a CBDC could revolutionize Ethiopia's financial sector by offering a digital alternative to traditional currency,enabling faster and cheaper transactions,enhancing monetary policy effectiveness,and potentially reducing the country's reliance on physical cash.


Reference: cointelegraph.com

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(Update every 1 hour)
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1 ARS title=ARS 1,341.50 2,284,735,783.20
2 BTC title=BTC 61,249.81 1,436,354,181.33
3 COP title=COP 4,052.00 625,187,857.00
4 ETH title=ETH 3,352.30 597,735,890.79
5 PEPE title=PEPE <0.01 380,253,272.36
6 SOL title=SOL 136.05 370,032,278.98
7 WIF title=WIF 1.98 196,648,187.33
8 XRP title=XRP 0.47 110,751,996.62
9 LISTA title=LISTA 0.77 91,569,892.42
10 ORDI title=ORDI 37.51 66,762,954.03
11 DOGE title=DOGE 0.12 66,708,637.08
12 FLOKI title=FLOKI <0.01 63,897,506.02
13 PEOPLE title=PEOPLE 0.09 54,312,156.49
14 AVAX title=AVAX 25.83 51,433,504.42
15 IO title=IO 3.54 43,881,886.90
16 NEAR title=NEAR 5.20 42,498,665.33
17 BONK title=BONK <0.01 42,479,346.45
18 BOME title=BOME <0.01 39,552,928.51
19 WLD title=WLD 2.78 37,498,007.62
20 TRX title=TRX 0.12 36,529,299.31
21 ZK title=ZK 0.16 35,693,426.68
22 BLUR title=BLUR 0.21 35,259,373.56
23 RUNE title=RUNE 4.08 31,964,951.27
24 CRV title=CRV 0.31 30,786,515.58
25 FTM title=FTM 0.57 28,205,182.40
26 ZRO title=ZRO 2.58 28,101,735.40
27 ADA title=ADA 0.39 27,942,663.03

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(Update every 1 minute)
at from is ($US) more (%)
1 RAD title=RAD 1.64 +41.09
2 SingularityNET title=AGIX 0.73 +7.94
3 Ocean Protocol title=OCEAN 0.73 +7.86
4 Ampleforth Governance title=FORTH 3.06 +6.17
5 Santos FC Fan Token title=SANTOS 3.21 +5.56
6 ORDI title=ORDI 37.51 +4.43
7 PlayDapp title=PDA 0.06 +4.37
8 Lista DAO title=LISTA 0.77 +4.01
9 Unifi Protocol DAO title=UNFI 4.96 +3.38
10 Avalanche title=AVAX 25.83 +2.01
11 Chromia title=CHR 0.22 +2.01
12 1000SATS (Ordinals) title=1000SATS <0.01 +1.96
13 TRON title=TRX 0.12 +1.67
14 BinaryX title=BNX 1.18 +1.43
15 SafePal title=SFP 0.76 +1.42
16 io.net title=IO 3.54 +1.26
17 Bounce title=AUCTION 16.86 +1.20
18 WOO title=WOO 0.22 +0.73
19 Convex Finance title=CVX 3.04 +0.70
20 WINkLink title=WIN <0.01 +0.68
21 OG Fan Token title=OG 3.18 +0.60
22 UMA title=UMA 2.64 +0.57
23 Aave title=AAVE 91.55 +0.47
24 Raydium title=RAY 1.55 +0.37
25 Axelar title=AXL 0.58 +0.30
26 Aergo title=AERGO 0.09 +0.22
27 dogwifhat title=WIF 1.98 +0.19
28 Sun Token title=SUN 0.01 +0.14
29 Lido DAO title=LDO 2.32 +0.09

The price of coins is falling rapidly.


(Update every 1 minute)
at from is ($US) reduce (%)
1 Blur title=BLUR 0.21 -13.29
2 Cream title=CREAM 60.43 -12.65
3 Orion title=ORN 1.73 -9.03
4 dForce title=DF 0.03 -8.21
5 LayerZero title=ZRO 2.58 -8.06
6 ZKsync title=ZK 0.16 -7.71
7 Celestia title=TIA 6.44 -7.21
8 Arweave title=AR 27.32 -7.19
9 ARK title=ARK 0.44 -7.17
10 Massive Protocol title=MAV 0.28 -6.99
11 Viction title=VIC 0.35 -6.89
12 Numeraire title=NMR 17.73 -6.64
13 Starknet title=STRK 0.70 -6.45
14 Stafi title=FIS 0.39 -6.45
15 Kava Lend title=HARD 0.12 -6.37
16 Sei title=SEI 0.36 -6.31
17 PowerPool Concentrated Voting Power title=CVP 0.30 -6.22
18 Moonbeam title=GLMR 0.20 -6.17
19 Fantom title=FTM 0.57 -6.06
20 Tranchess title=CHESS 0.14 -6.03
21 Pyth Network title=PYTH 0.31 -5.95
22 W 0.34 -5.60
23 PIVX title=PIVX 0.26 -5.58
24 Flux title=FLUX 0.62 -5.57
25 NEAR Protocol title=NEAR 5.20 -5.54
26 Sui title=SUI 0.83 -5.46
27 Kadena title=KDA 0.56 -5.23
28 Vanar Chain title=VANRY 0.14 -5.18
29 Vulcan Forged title=PYR 3.50 -5.13
30 Kusama title=KSM 22.97 -4.93

Bitcoin's Greed and Fear Index.

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Fear

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