Organizations in Mekelle are battling with an intense deficiency of money because of the day by day withdrawal limit put on investors, The Reporter has learnt.
While monetary exercises are at a halt in Ethiopia's second greatest city, the Interim Administration of Mekelle declared that a greater part of organizations are as yet shut and can't embrace their standard business exercises.
"Regardless of the launch of banks, as far as possible is thwarting merchants from purchasing and selling things, while financial exercises are yet to return to typical," Mayor of Mekelle , Ataklti Haileselassie told the Reporter.
"The money available for use is additionally exceptionally low contrasted with the interest for money," he added.
Business banks working in Mekelle are additionally encountering a liquidity lack, while some are as yet shut because of the nonappearance of power.
"At some sub-urban areas where there is no power, inhabitants can't pull out cash, influencing their every day utilization," Ataklti said.
Following the battling in Tigray between the public armed force and powers of the Tigray People's Liberation Front (TPLF), business banks have been shut for a little while, blocking exchange exercises and the progression of money.