Ethiopia has ended half a century of currency controls, allowing its currency to be traded on the open market instead of at a fixed rate. This move, described as 'transformative' by the country's central bank governor, Mihretum, comes amid a foreign currency crisis. The central bank believes this change could significantly impact Ethiopia's economy. The decision is part of broader efforts to address key issues on the road to debt restructuring and to stabilize the economy by avoiding depreciation, inflation, and default.