Ethiopian News, Current Affairs and Opinion Forum
Abaymado
Member
Posts: 4594
Joined: 27 Sep 2017, 21:56

The devaluation of birr is ticking time bomb, this is the worst news we heard

Post by Abaymado » 29 Jul 2024, 05:49

why is that the world financial institutions become blood suckers? Once a time I asked to give me more elaboration on how and why our birr is devaluated, I asked whether it is in the interest of our banks or it is from outside pressure? The answer I got was it is based on government will, to help our economy. But the truth is come alive, the case is, We are here to deliver cheap products to world.

The government said willing to raise the salary of civil servants, but by how much? everything will go soar in price soon. Ethiopians living in the country couldn't buy exported products because its unimaginable prices' spikes.

how long will we tolerate such kind of devastation? when will we be independent of any external influencers?


Last edited by Abaymado on 29 Jul 2024, 07:40, edited 1 time in total.


Fiyameta
Senior Member
Posts: 19969
Joined: 02 Aug 2018, 22:59

Re: the devaluation of birr is ticking time bomb, this worst news we heard

Post by Fiyameta » 29 Jul 2024, 06:18

It is an IMF imposed currency devaluation/depreciation conditioned to the recent IMF loan given to Ethiopian to fund the construction of a new royal palace and an amusement park in the capital, Addis Ababa.

Look at the bright side, at least the foreign diplomats in Addis will enjoy the newly built amusement park that they will be persuaded to tell the world about how genuine Ethiopian hospitality is towards foreigners. When you are carrying a huge amount of debt, self-image becomes more important than substance, and developing a prosperous national image becomes easier than the daunting task of achieving economic growth or development.

DefendTheTruth
Senior Member
Posts: 12903
Joined: 08 Mar 2014, 16:32

Re: The devaluation of birr is ticking time bomb, this worst news we heard

Post by DefendTheTruth » 29 Jul 2024, 06:26

Show me any article in the field of economics this so called prof. has ever published in noteworthy publications before I could start to listen his blabbering on such a youtube channel like that of Messay Mokonnon, a certain donqoro!


If he finds the lust and time only to discuss something on the likes of the youtube here, then the prof. fundamentally lacks a crucial component to warrant his title.

Odie
Member+
Posts: 6235
Joined: 24 Jun 2024, 23:07

Re: The devaluation of birr is ticking time bomb, this worst news we heard

Post by Odie » 29 Jul 2024, 11:22

DefendTheTruth wrote:
29 Jul 2024, 06:26
Show me any article in the field of economics this so called prof. has ever published in noteworthy publications before I could start to listen his blabbering on such a youtube channel like that of Messay Mokonnon, a certain donqoro!


If he finds the lust and time only to discuss something on the likes of the youtube here, then the prof. fundamentally lacks a crucial component to warrant his title.
-------
የኦሮሙማ ቅልብ ሊያስተምረንና ስልጣኑን ለማጠናከር ቀኑን ሁላ እያላበው ይተይባል:: የሚስማው ግን የለም:: መቸስ ማልጎዳኒ አንተን ስለማይነካ አይገባህም:: ቀንህ እስኪፈፀም ይህ የቀን ተቀን ስራህ ትቀጥልበታለህ:: ለጌታህ ማቃለጥ!

Abaymado
Member
Posts: 4594
Joined: 27 Sep 2017, 21:56

Re: The devaluation of birr is ticking time bomb, this is the worst news we heard

Post by Abaymado » 31 Jul 2024, 07:03

This is a public opionion:



rohrsteam
The Rohrs Team · 1d ago
Follow
The Ethiopian Birr falls 30% one day after the IMF forces them to float their currency. #rohrsteam #ethiopian_tik_tok🇪🇹🇪🇹🇪🇹🇪🇹 #africa #addisababa


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IZMA
don't worry about it. Ethiopia have the smartest people working now...who are way way smarter than YOU.
21h ago Reply
138
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bernabasag
It all depends on how Ethiopia uses the $10b
1d ago Reply
141
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user17567w9
For whom are you talking my bro? our leaders dose not even hear english😭
17h ago Reply
448
View 37 replies
kal.tad1
ዶ/ር አብይ ይድፋህ
1d ago Reply
710
View 29 replies
Femi
The Nigerian Naira was floated at N360 to the dollar. It’s N1620 now to one dollar. All the best Ethiopia, you’ve been played like we were. They do it to stretch their dominance over you.
1d ago Reply
779

Tik Toker
Thank you. Its just sad no one is understanding this
1d ago Reply
49
Jon The Ripper FX
what was the black market value of the naira before the float and the current price?
1d ago Reply
2
Femi
I have no idea what the black markets did before the float. Usd was always available to me via the banks. I could pay usd via my Naira debit card. It was after the float we had to source from the bm
1d ago Reply
4
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Hide
natanteklu
አንተም ሰምተሀል?🤔😂😂😂
8h ago Reply
8
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Spike Nard
the Birr will never recover
1d ago Reply
550
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Esi Alem
we'll be just fine. እምነታችሁ ወዴት ሄደ ወገኖቼ?
1d ago Reply
112
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Bethel Muluneh
የሚያኖረን እግዚያብሔር ነው እስካሁንም ያለነው እሱ ስላኖረን ነው
16h ago Reply
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dan lubanga
its not pronounced 'barr' its just the way its written 'birr' only you have to sound out the rr. Like 'bill' but with rr
1d ago Reply
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KidaneMariam Eyob
I would like to know if any other African countries have done so before and what was the outcome?
1d ago Reply
47
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ገሊላ
ተበላን
1d ago Reply
56
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Christopher
They are doomed.
1d ago Reply
264
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Jerry🦋🙏
ጌታ ሆይ እየን ይሄ ሰውዬ ሸጦ ሳይጨርሰን😭
23h ago Reply
140
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ericsart8
Avoid IMF at all cost!! It messed us Kenyans, it bringsno good to Africans countries
1d ago Reply
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Rita Marley 💚💛❤️
It's so sad to hear this as an Ethiopian, may God remove this miserable system from us
22h ago Reply
203
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Melikt Sahlu
What do you think about expanding export industries to make sure that the economy generates sufficient fx income.
2h ago Reply
0

Elizabeth Nzanga
Why do all IMF fiscal policies aimed at bankrupting developing countries.
1d ago Reply
111
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Ephrem
We Ethiopians are dead and buried .
22h ago Reply
70
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Paul Waihenyah Havenfields
this is what happened in kenya . back in 2018, kenya had a protected currency and 1usd was 110ksh , after imf crazy policies about float , the shillings dropped to 170ksh for 1USD
1d ago Reply
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temuema
ምን አገናኘው
1d ago Reply
2
:(
we're cooked😂
19h ago Reply
18
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creator.search.insight
because our prime Minister is crazy 🤪 he did no what he doing
12h ago Reply
3

MKZ789
The question is why the World Bank & IMF wanted so bad to devaluat our money 💰 why ????💀
15h ago Reply
3
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Hana
our evil government did it this sad news for poor people's we can't live in this country😭
22h ago Reply
64
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Candy Sweet 👸🏽🍬
I do not believe our birr will ever recover might get worse 🥺we are doomed 😭
21h ago Reply
111
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Buzor
worst mistake ever , see the hell we are in now in Nigeria our naira is just useless.. All thanks to same IMF they don't want to see a

Abaymado
Member
Posts: 4594
Joined: 27 Sep 2017, 21:56

Re: The devaluation of birr is ticking time bomb, this is the worst news we heard

Post by Abaymado » 01 Aug 2024, 06:07




how is people reacting?

Javi

ትልቁ ጥያቄዬ $10 Billion Dollar ብድር ለኛ ለምን አስፈለገ???

16h ago Reply
62

View 28 replies
:(

ኢትዮጵያ ተሽጣ ድርሻዬ ይሰጠኝ በቃ😭😂

23h ago Reply
397

View 21 replies
soul

ሚገርመኝ የኛ ጋዜጠኞች አንኩአን እንድሷ አይቆረቆሩም

14h ago Reply
50

View 1 reply
aregawi getachew

what shall we do???

1d ago Reply
11

View 13 replies
Eshe

don't worry we can manage it 🤔

6h ago Reply
9

View 5 replies
yawiwa

77ደርሷል በ74ታለቅሳለህ 😭

1d ago Reply
24
ME♾️TTY

80 geba eko😂😂

22h ago Reply
62

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J O H N 7 7

77 የድርቁ ጊዜ በድጋሜ 2017 😭🇪🇹

16h ago Reply
68

View 2 replies
Natnael

ይሄ ድንጋይ የሰው ጭራቅ አዋረደን

1d ago Reply
84

View 3 replies
SAD BAI

These days we Ethiopians have the cruel leaders ever in our 3000 years. They are unable to predict what is going to come.

1d ago Reply
108

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Abdullaziz

just pray

1d ago Reply
9

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Maha7777

Why is this lady always like to talk about Ethiopian issues specially the difficulty

1d ago Reply
17
Hamster

is there any good news about Ethiopia? right now?

18h ago Reply
90

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marked_scorpion

Abichu king👑👑

17h ago Reply
1
abela197

english yemyasema sewu comment

14h ago Reply
7

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Sima

he said borrowing money from IMF is like borrowing money from your MOM 😞

1d ago Reply
333

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cho

silent killer😭😭😭
i dont know whats wrong with people...SILENT 🤔🤔

16h ago Reply
44

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Jeremy xo

because the leader is like a child only focuses on fancy lights on the streets and buliding fancy play grounds 😭

16h ago Reply
36

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Ashe m

That’s is z basic issue that we all Ethiopian must take care off by stopping buying by any incremental price which makes us price setters

1d ago Reply
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Dreamer

This woman never say something positive about Ethiopia

10h ago Reply
0

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tsion926

pls God do something we are week now 😞😞😞

17h ago Reply
27

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What Country Is This

what country is this ?

17h ago Reply
1

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aman

እንደፈራነው ሸጠን 😔😔

17h ago Reply
9

View 1 reply
ሙሀመድ

ወይኔ ሀገሬ

19h ago Reply
25
john

ደደብ መንግስት ነው ያለን....

18h ago Reply
17
GሀRጠESA

Bro we’re doomed

19h ago Reply
4

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Sanchez Segni Etana

with in 2 & 3 weeks 150-200 indayhon fira. geta hoy ibakih irdan.

17h ago Reply
5
fahad

the worest disition in ethiopian history

1d ago Reply
81

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zach

it wasn't trading on a fixed rate 😅

23h ago Reply
5

View 1 reply
God is good

IMF breaking the bakbone of the poor

19h ago Reply
9
michealfitsum790

our horror life

1d ago Reply
38
c3p0

why do we have to import food items while we can invest on agriculture? 🙁

14h ago Reply
5
Bura square

But there will be more investors coming right?

17h ago Reply
1
chimmy tab

they won't come cause now the money is not reliable

15h ago Reply
0

Hide
kolel.moz

በራስ ላይ ቁማር መጫወት አለች ይች ጀዝባ🤣

20h ago Reply
3
kebruysefa

Who is there after 80

20h ago Reply
2
Yad_teg

please be optimist.

15h ago Reply
2
❦︎꧁🌷 𝗠𝗔𝗞 𝗟𝗢𝐕 🌷꧂❦︎(HDC)

real news

13h ago Reply
2
𝙤𝙥𝙩𝙤💧

ጋዜጠኛዋ አታምርም😍 አግባኝ ብትለኝ አገባታለው

20h ago Reply
5
Lord 👑 Farquad 93

ጂል

17h ago Reply
7

View 1 more
elisabeth nigussie

our government say Congratulations 😂😂

23h ago Reply
7
Mamafiya

and now it's 80

13h ago Reply
2
MekuMac

gambling gambling by out life

1d ago Reply
16
Sisoko sisoko

ቆንጆ ማለት እንደዚህች ጋዜጠኛ ነው። እዚህ ባገኛት አይኔን አላሽም

20h ago Reply
1
aa

there is no way even to safe death

17h ago Reply
2
Abiko@83

GAMBLING

1d ago Reply
3
Setup4j

በራሱ ማይተማመን መንግስት እንዲህ ይጫወቱበታል

17h ago Reply
5
Issac

Ya it’s gamble 😔

16h ago Reply
4
yonas

le imf tesheta abiy muluwun wesde eko😄😄😄😄

13h ago Reply
1
user17277492209187

indirect colonization

16h ago Reply
4
melawitknife

Ethiopiawn gn edefelgu emiyaregen mengsti eyefetern new

23h ago Reply
2
relaxfreely

ለቀባሪ ማርዳት ነው የያዝሽው

13h ago Reply
2
_no1134

ምህምን አትሁኑ አንብቡ ሁሉ ነገር አልጋ በ አልጋ አይሆንም አፍሪካ ነው ያለነው

15h ago Reply
1
Dr. Yemane MK

We shall all perish!!

18h ago Reply
3
Anonymous 👨🏾💻

ሙሴ repost ማረጉ ነው የገረመኝ

14h ago Reply
2
#ellawu

yeah our official sold us for western countries

15h ago Reply
2
Mattan.💎

🥺o my Ethiopia...i am very sad people living back home Will deeply damaged

19h ago Reply
1
Donavan

This will sure affect the ordinary citizens of this country, that’s why things are getting very expensive in the markets. But it will only benefit those who earned hard currency in the country..

21h ago Reply
3
soul

she said it all.... they are gambling with our life

14h ago Reply
2
Beautiful Adventure💚💛❤️

Yes Gambling our life.
Not only gambling.They will bombard us by using the loan money they got from the IMF &world Bank.

18h ago Reply
1
kolel.moz

በስመ አብ

20h ago Reply
1
Moss

gambling

15h ago Reply
2
tarik

Ethiopia is rich, but historical internal conflict & international interference and pressure mounted poor management of the young ruling government.

26m ago Reply

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