Top 10 African countries with the strongest currencies in March 2025 https://africa.businessinsider.com/loca ... 25/s1rsj33
Nakfa: the 6th strongest currency in Africa
Top 10 African countries with the strongest currencies in March 2025 https://africa.businessinsider.com/loca ... 25/s1rsj33
Re: Nakfa: the 6th strongest currency in Africa
You can buy 1000 Abere with 1 Nakfa, but only ½ Abere with 1 Birr
Re: Nakfa: the 6th strongest currency in Africa
መቼም ምኞት አይከለከልም። ቁጭ ብለህ የምታልመው፣ ጉድለትህን በኢትዮጵያ ለመሙላት ኖሯል እንዴ?
ታዲያ አንድ አበረ ብቻ አይበቃህም እንዴ፣ በአንድ ጊዜ ሺህ ከምትመኝ? ስንኩል!
ታዲያ አንድ አበረ ብቻ አይበቃህም እንዴ፣ በአንድ ጊዜ ሺህ ከምትመኝ? ስንኩል!
Re: Nakfa: the 6th strongest currency in Africa
አይ ድንቁርና !
Currency devaluations can be used by countries to achieve economic policy. Having a weaker currency relative to the rest of the world can help boost exports, shrink trade deficits, and reduce the cost of interest payments on outstanding government debts.
"Better be unborn than untaught, for ignorance is the root of misfortune. It is poverty in a rich man to despise the poor and ignorance in a wise man to despise the ignorant. Ignorance is an enemy, even to its owner. Knowledge is a friend, even to its hater."
Currency devaluations can be used by countries to achieve economic policy. Having a weaker currency relative to the rest of the world can help boost exports, shrink trade deficits, and reduce the cost of interest payments on outstanding government debts.
"Better be unborn than untaught, for ignorance is the root of misfortune. It is poverty in a rich man to despise the poor and ignorance in a wise man to despise the ignorant. Ignorance is an enemy, even to its owner. Knowledge is a friend, even to its hater."