Ethiopia receives $1.3bln remittance from Diasporas in the 1st quarter

Addis Ababa, November 11, 2022 (FBC) – Ethiopia has received 1.3 billion USD remittances from foreign currency sent home by the Diaspora community in the first quarter of the current fiscal year.

According to the Ethiopian Diaspora Agency, the country collected more than 2 million USD foreign currency deposits in that period.

The Agency also pointed out that the remmitance was received from more than two thousand diaspora accounts.

In the first quarter of the ongoing (2022/23) Ethiopian fiscal year, the diaspora contributed in public and digital diplomacy as well as fundraising, said the Director General of Ethiopian Diaspora Service, Mohamed Endris.

Ethiopian Diaspora Service Management also reviewed the performance of the first quarter of the current fiscal year.