Ethiopia is buried
Posted: 21 Dec 2022, 03:31
Ethiopia is broker than Kanye West right now 
They can't afford any cargo via Berbera port. That business almost came to a complete stop. I just spoke to Wajale (on the border).
Ethiopia doesn't have a single USD and the Birr is sinking fast.
Just look at this graph
From 0.034 Birr/USD in Oct 2020 to 0.019/USD in Dec 2022 in another words 5000 Birr would have gotten you $170 but today only $95. Add inflation to that.
Ethiopia is dead.
They can't afford any cargo via Berbera port. That business almost came to a complete stop. I just spoke to Wajale (on the border).
Ethiopia doesn't have a single USD and the Birr is sinking fast.
Just look at this graph
From 0.034 Birr/USD in Oct 2020 to 0.019/USD in Dec 2022 in another words 5000 Birr would have gotten you $170 but today only $95. Add inflation to that.
Ethiopia is dead.