Mereja.Forum

The last time dollar has risen against birr was the 9th of this month. Over the last 4 days no rise of $ price.

Ethiopia's policy goal has been narrowing the gap and eliminating the so called black-market of FX and its associated crimes.

The policy change has met its targeted goal in less than 2 weeks time. Yet another success story of this government.

መደዴዉ ምን እያለን ነዉ አሁን? ወደ 200 መቶ ይጠጋል የተባለዉ ምን ሆኖ ቀረ?

In 2003
$1 USD = $8.27 BIRR

Although our Ethiopian Birr was much stronger our country was alot poorer and under-developed back then. So was our currency strong back then based on our development? NO.....

the devaluation began in Meles Zenawi reign when he made the $1USD worth $17BIR the purpose was to increase foreign investment and development. Hailemariam did the same and it worked....

Abiy is doing the same but his lack of cooperation with China is not a good thing. China supported ethiopias economic growth and empowrment during EPRDF era...

America and the west (France,UK, Germany,Canada,Australia) will never support Ethiopias economy empowerment

From the start our currency was equal to Americas but that didn't mean we were equal to america in development and GDP.

So why the cry for the devaluation of the BIRR to $1USD $106BIRR?



I advise Abiy to put a cap on the BIRR and go back to regulating the currency...

Ethiopian Bir should remain at least $100 or $200 per 1 USD and never go above $300 or $1000 like

Iran, Indoenesia, Uzbekistan, Vietnam, Venezula whom Currency has been so devalued that $1 USD is worth $10,000 of their own currency

https://fxopen.com/blog/en/top-10-world ... ncies/amp/

kkkkkkk

Noble Amhara wrote: ↑

12 Aug 2024, 12:01

In 2003
$1 BIR = $8.27 USD

Although our Ethiopian Birr was much stronger ...




I advise Abiy to put a cap on the BIRR and go back to regulating the currency...

Ethiopian Bir should remain at least $100 or $200 per 1 USD and never go above $300 or $1000 like

Iran, Indoenesia, Uzbekistan, Vietnam, Venezula whom Currency has been so devalued that $1 USD is worth $10,000 of their own currency

https://fxopen.com/blog/en/top-10-world ... ncies/amp/

my bad

I meant 1 USD = 8.27 BIRR

Educator wrote: ↑

12 Aug 2024, 12:41

kkkkkkk

Noble Amhara wrote: ↑

12 Aug 2024, 12:01

In 2003
$1 BIR = $8.27 USD

Although our Ethiopian Birr was much stronger ...




I advise Abiy to put a cap on the BIRR and go back to regulating the currency...

Ethiopian Bir should remain at least $100 or $200 per 1 USD and never go above $300 or $1000 like

Iran, Indoenesia, Uzbekistan, Vietnam, Venezula whom Currency has been so devalued that $1 USD is worth $10,000 of their own currency

https://fxopen.com/blog/en/top-10-world ... ncies/amp/