Ethiopia is actively pursuing avenues to conduct international trade in currencies other than the US dollar. This initiative was confirmed by Dr. Eyob Tekalign, State Minister of Finance, who highlighted the nation's efforts to diversify its currency exchange mechanisms.

The state minister underscored that recent macroeconomic reforms have significantly transformed Ethiopia's economic landscape, enabling the country to cultivate a broader array of international partnerships, all aligned with its core national interests. He further emphasized that expanding and strengthening these partnerships is a cornerstone of Ethiopia's diplomatic strategy.

Dr. Eyob elaborated on the practical implications of this shift, explaining that new agreements would facilitate the purchase of goods from other countries using non-dollar currencies, while also allowing foreign nations to acquire Ethiopian products through similar arrangements.

"This agreement not only brings additional capacity to our nation," Dr. Eyob stated, "but the willingness of our partner countries to engage in these currency exchanges also serves as a strong testament to their growing confidence in the Ethiopian economy."

The move signals Ethiopia's commitment to fostering a more diversified and robust international trade framework, potentially reducing its reliance on a single foreign currency and strengthening its economic sovereignty on the global stage.