Mereja.Forum

Money is a token የመግባቢያ ቋንቋ! በቃ! Here is the soul of the economy in full swing!

This is the real wealth, not the artificial token - money

Educator wrote: ↑

18 Sep 2024, 00:43

Economics ignorance of a cousin of a traitor; Oromuma's donkey

Ethiopian Birr Loses Ground: Hits 132 in Black Market After Currency Liberalization

The Ethiopian birr recorded another fall against the U.S. dollar in the black market today, continuing a troubling trend that began last month following the Ethiopian government’s announcement of macroeconomic reforms and the liberalization of the foreign exchange market. The birr has dropped to 132 birr per dollar in the parallel market. The government had anticipated that these reforms would narrow the gap between the birr’s values in the official and black markets. However, the reality has been quite different. Before the reforms, the official exchange rate was around 57 birr to the dollar, while the black market rate was approximately 120 birr.

Since the introduction of these reforms, the birr has lost more than 100% of its value against the dollar. As of today, the Commercial Bank of Ethiopia (CBE) has set the selling price of the U.S. dollar at 124 birr, while the Development Bank of Ethiopia leads with slightly higher rates.

Ermias Amelga a stone cold crook is in hiding.

it is inevitable. this is like Mike Tyson fighting some amateur fighter (HORUS) and expecting Horus to win. what is going to happen when the money IMF gave run out and if/when the war in the east starts...god help us!

Now it is 135 Birr for 1 USD.
Horus and DDT, will it stop at 200?

Feel sorry for those who heeded DDT's advice to hoard Birr, if anyone ever listened to him.

Breaking news Ethiopia birr reaches 560 per $1 usd dollar

Ermias Amelga is in hiding with his US dollars. He is the biggest beneficiary of the black market networks.
What a crook.

Educator wrote: ↑

18 Sep 2024, 00:43

Ten percent of the USD 3.4 billion that the IMF demonstrated through the Extended Credit Facility (ECF) instrument would be released by the fund to assist Ethiopia’s economic reform initiative.
Recall that when the reform was announced, the IMF disbursed one billion dollars, or 30 percent of the approved support.


A staff team from the IMF led by Alvaro Piris, visited Addis Ababa from September 17 to 26, 2024, to discuss progress on reforms and the authorities’ policy priorities in the context of the first review of Ethiopia’s economic program supported by the IMF’s ECF.


Following the visit, the IMF declared that there has been minimal impact on the overall economy and that the official market’s exchange rate has essentially closed the difference with the parallel market.
It further stated that Ethiopia will have access to funding of around USD 345 million at the official conclusion of the review by the IMF Executive Board.

1 USD is now 141 Birr . Economists DDT and Horus, what say are you now?

Where is Ermias Amelga now? Kkkkkkkkkkk

sesame wrote: ↑

18 Sep 2024, 13:17

Everyone saw this coming except Wedi Beshasha and his immature cadres. The economy is tanking. And all Horsey can say is, "Let them eat cake "

He is that cruel, indeed.

Fyi:
Lets check Egyptian pound against US dollar

https://www.xe.com/currencyconverter/co ... USD&To=EGP

Thanks to Oromuma ማማ ዝርፍጥ is eating dust. IQ matters and mama ዝርፍጥ desperately needs an eritrean brain.