Ethiopian News, Current Affairs and Opinion Forum
DefendTheTruth
Senior Member
Posts: 13262
Joined: 08 Mar 2014, 16:32

Ethiopian Birr gaining on Value

Post by DefendTheTruth » 17 Apr 2022, 09:57

in over a month the value of $ againsት Birr has dropped by more than 2 Birr, unseen for quite a long time.

What is so unusual must also be indicative of what should be new.

ዶላሩን የቀበሩት አሁን አንድ ባንድ እያወጡ ይዘረግፉታል፣ ሌላ አማራጭ ዬላቸዉም፣ ህዝቡ ያተርፋል።

Tiago
Member
Posts: 3364
Joined: 30 Jul 2018, 02:09

Re: Ethiopian Birr gaining on Value

Post by Tiago » 18 Apr 2022, 06:43

current ethio foreign currency reserve is very very low.
the exchange rate below tells the opposite.


https://www.exchangerates.org.uk/USD-ET ... story.html

Educator
Member
Posts: 2370
Joined: 03 Jun 2021, 00:14

Re: Ethiopian Birr gaining on Value

Post by Educator » 18 Apr 2022, 09:13

Ignore defendTheLie. He is a mouthpiece of Abiy and Oromuma. He is just echoing what Mamo Killo said four years ago that Birr would gain value. They were even showing fake drama that people lined up at banks to exchange their "hidden dollars " into Birr cause Birr was to gain "value". Then a dollar was equivalent to 29 Birr . And now after four years?

Tiago wrote:
18 Apr 2022, 06:43
current ethio foreign currency reserve is very very low.
the exchange rate below tells the opposite.


https://www.exchangerates.org.uk/USD-ET ... story.html

DefendTheTruth
Senior Member
Posts: 13262
Joined: 08 Mar 2014, 16:32

Re: Ethiopian Birr gaining on Value

Post by DefendTheTruth » 18 Apr 2022, 11:31

Tiago wrote:
18 Apr 2022, 06:43
current ethio foreign currency reserve is very very low.
the exchange rate below tells the opposite.


https://www.exchangerates.org.uk/USD-ET ... story.html
In fact I was comparing Birr against Euro, I checked once again and it was not $. Thanks for correcting me.

On Dollar it has gained value but not around 2 Birr, it was on Euro.

Here the graph which shows 1€ = 57.16 ETB, on the 30th of March, 2022 and today 1 € = 55.20 ETB on the 17th of April, 2022.

https://www.google.com/search?q=currenc ... e&ie=UTF-8

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