Ethiopian News, Current Affairs and Opinion Forum

Horus
Senior Member+
Posts: 39935
Joined: 19 Oct 2013, 19:34

Re: ⚀⚁⚂⚃⚄⚅ ⏰ Ethiopia Has Made a Gamble and Lost ⏰ ⚀⚁⚂⚃⚄⚅

Post by Horus » 25 Aug 2025, 12:25

ፊያሜታ
በጣም ተጨንቀሻል ማለት ነው! ደጋግመሽ ደጋግመሽ አሮጌ ወሬ ትለጥፊያለህ! ይህ ወሬ ሲወራ አንድ ዶላር 75 ብር ነበር!!!!


fasil1235
Member
Posts: 1826
Joined: 01 Jul 2018, 08:58
Location: Zemene Mesafint

Re: ⚀⚁⚂⚃⚄⚅ ⏰ Ethiopia Has Made a Gamble and Lost ⏰ ⚀⚁⚂⚃⚄⚅

Post by fasil1235 » 25 Aug 2025, 12:33

The currency must be devauled to $1 USD for $200 BIRR / 300BIRRR

The only point of a strong BIRR is if you need to move outside the country in which less than 1M can do.. out of 135M ppl

Fiyameta
Senior Member
Posts: 19822
Joined: 02 Aug 2018, 22:59

Re: ⚀⚁⚂⚃⚄⚅ ⏰ Ethiopia Has Made a Gamble and Lost ⏰ ⚀⚁⚂⚃⚄⚅

Post by Fiyameta » 25 Aug 2025, 14:10

It is a curse? a generational curse? :|


sesame
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Posts: 7914
Joined: 28 Feb 2013, 17:55

Re: ⚀⚁⚂⚃⚄⚅ ⏰ Ethiopia Has Made a Gamble and Lost ⏰ ⚀⚁⚂⚃⚄⚅

Post by sesame » 25 Aug 2025, 15:47

It is not the exchange rate per se that is the problem but that incomes are not rising at corresponding rates!

https://www.facebook.com/share/p/19cVDH69yt/



fasil1235 wrote:
25 Aug 2025, 12:33
The currency must be devauled to $1 USD for $200 BIRR / 300BIRRR

The only point of a strong BIRR is if you need to move outside the country in which less than 1M can do.. out of 135M ppl


Fiyameta
Senior Member
Posts: 19822
Joined: 02 Aug 2018, 22:59

Re: ⚀⚁⚂⚃⚄⚅ ⏰ Ethiopia Has Made a Gamble and Lost ⏰ ⚀⚁⚂⚃⚄⚅

Post by Fiyameta » 26 Aug 2025, 13:14

Ethiopia, just like the former Yugoslav Republic, is gambling with its own existence. No one remembers Yugoslavia today, except for some historians. :|



Fiyameta
Senior Member
Posts: 19822
Joined: 02 Aug 2018, 22:59

Re: ⚀⚁⚂⚃⚄⚅ ⏰ Ethiopia Has Made a Gamble and Lost ⏰ ⚀⚁⚂⚃⚄⚅

Post by Fiyameta » 27 Aug 2025, 14:20

When a country borrows money from the same lender to pay the interest on its existing debt, it is the dumbest thing ever! You can't pay off debt with more debt! IQ 63. :P :P

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