Forex Market Levels Up

Welcome to the 96th edition of ፍራንክ Digest!

Your weekly brief on all things Finance and Investing. Quick, enjoyable reads for busy professionals in 5 minutes or less.

Here’s what’s coming your way:

• 🎉 The Forex Party Is Just Getting Started

• 👴 Slow is Fast: What Discipline Can Teach You

• 🗝️ The Key Takeaways

Thanks for reading!

Ethiopia’s Forex Glow-Up 💅

Economy

If you’ve been following the Ethiopian economy, you know that for the past who knows how many decades, the foreign exchange scene was like an exclusive club with a "members only" sign and a bouncer who only let people in above 21+ Million.

Forex rationing is a reality we’re all too familiar with, from businesses down to each and every አጅሬ.

Last week we covered National Bank of Ethiopia’s (NBE) new directive FXD/04/2026 and how it’s likely to change our movie streaming habits. This week we want to bring to attention the formal authorization of forward exchange contracts.

A move that provides the private sector with the mechanisms necessary to hedge against the volatility of the Birr following its 2024 transition to a managed float.

The Star of the Show (at least in our eyes)

The biggest technical "wow" in this update is the green light for forward contracts.