---
title: "Gold prices rise along with the lifting of the ban, leading to a surge in Ethiopia's gold exports, surpassing coffee exports for the first time"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/262262215.md"
description: "The Governor of the Central Bank of Ethiopia stated that the country's gold exports have surged and for the first time surpassed coffee exports. With this support, Ethiopia's currency is expected to strengthen in the coming months. This trend will reverse the decline that occurred after the government liberalized the foreign exchange market, allowing the birr to depreciate significantly. Since the implementation of a floating exchange rate system on July 29, the country's currency has depreciated by two-thirds. The rise in gold prices, coupled with increased export volumes, has driven unprecedented export growth for this East African country. With the government's lifting of the ban on Midroc Gold Mine due to environmental issues, the mining company has resumed operations while raising purchase prices for small-scale producers, effectively curbing smuggling and boosting Ethiopia's gold production"
datetime: "2025-10-22T13:31:54.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/262262215.md)
  - [en](https://longbridge.com/en/news/262262215.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/262262215.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/262262215.md) | [繁體中文](https://longbridge.com/zh-HK/news/262262215.md)


# Gold prices rise along with the lifting of the ban, leading to a surge in Ethiopia's gold exports, surpassing coffee exports for the first time

According to Jin10 data on October 22, the Governor of the Central Bank of Ethiopia stated that the country's gold exports have surged and for the first time surpassed coffee exports. With this support, Ethiopia's currency is expected to strengthen in the coming months. This trend will reverse the decline that occurred after the government liberalized the foreign exchange market, allowing the birr to depreciate significantly. Since the implementation of a floating exchange rate system on July 29, the country's currency has depreciated by two-thirds. The rise in gold prices, coupled with an increase in export volume, has driven unprecedented export growth for this East African country. With the government's lifting of the ban on Midroc Gold Mining Company due to environmental issues, the mining company has resumed operations and increased the purchase price for small-scale producers, effectively curbing smuggling and boosting Ethiopia's gold production

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