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Tag Archives: Eritrea Closes Hundreds of Businesses for Bypassing Banks

Eritrea Closes Hundreds of Businesses for Bypassing Banks

January 7, 2018 News

Salem Solomon Tewelde Tesfagabir WASHINGTON — Eritrea has temporarily shut down nearly 450 private businesses, the latest in a series of moves that has sent shockwaves through the economy of the Red Sea nation. The closures were a response to companies hoarding cash and “failing to do business through checks and …

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Tag Archives: Eritrea Closes Hundreds of Businesses for Bypassing Banks

Eritrea Closes Hundreds of Businesses for Bypassing Banks