Eyob Tekalign steps in as Ethiopia’s new Central Bank governor
- Eyob Tekalign appointed as the new central bank governor of Ethiopia.
- Mamo Mihretu resigned earlier this month, leaving a vacancy in the central bank leadership.
- Ethiopia is experiencing double-digit inflation and a currency that has lost over 120% of its value in a year.
Eyob Tekalign's appointment as central bank governor comes at a critical juncture for Ethiopia's economy, which is grappling with severe inflation and currency issues. His international experience could be an asset, but the success of his tenure will depend on his ability to implement reforms effectively amidst domestic and global pressures.
