Ethiopia's foreign exchange reserves in 2023 are only expected to cover 0.6 months, or 18 days, of international purchases, according to the International Monetary Fund (IMF).

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  Ethiopia's foreign exchange reserves in 2023 are only expected to cover 0.6 months, or 18 days, of international purchases, according to the International Monetary Fund (IMF). Ethiopia's foreign exchange reserves are only expected to cover 0.6 months or 18 days' worth of foreign purchases in 2022, according to the IMF's most recent report on global economic growth and status. It is also expected that this situation may deteriorate in 2023. Ethiopia's foreign exchange reserves in 2023 are only expected to cover 0.7 months, or 21 days, of international purchases, according to the International Monetary Fund (IMF) . Consequently, in the year According to the organization's projection, Ethiopia will only have enough foreign exchange reserves to cover purchases for 0.6 months. Ethiopia's average yearly foreign exchange reserves for the previous five years are shown by the same IMF statistics. In 2021, there were sufficient foreign exchange reserves to pay for ...
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North Korean hackers steal $ 400 million worth of cryptocurrencies in 2021

 

North Korean hackers steal $ 400 million worth of cryptocurrencies in 2021

North Korean hackers have stolen nearly $ 400 million worth of digital assets by launching at least seven attacks on cryptographic sites in Europe in 2021, according to a report.


Blockchain, a source close to Cryptocurrency Transit, said last year was one of the most successful years for cybercriminals in the closed East Asian country of North Korea.

According to the report, the attacks targeted investment firms and centralized businesses.

However, North Korea has repeatedly denied involvement in the alleged cyber-attacks.

"Between 2020 and 2021, North Korea's hacking data was cut by four to seven, and the revenue from these hacks increased by 40 percent," Chainanalisis reported.

@Hilinasolom

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