NBE Governor Mamo Mihretu stated during the auction that the central bank is pleased to see a substantial narrowing of the gap between bank exchange rates and parallel market rates over the past week, as well as meaningful progress towards exchange rate stability. “This is precisely...
No Calculators permitted in this examination.Dictionaries are not allowed with one exception.Those whose first language is not English may use a dictionary to translate between that language and English provided that neither language is the subject of this examination.Subject specific translation ...
At the year end date, financial statements for such relevant entities are prepared in their original underlying currencies and are translated into RMB at the exchange rates ruling at the balance sheet date. Foreign exchange differences are dealt with in the income statement. The exchange rate of ...