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Zmeselo
Senior Member+
Posts: 35031
Joined: 30 Jul 2010, 20:43

Nakfa: the 6th strongest currency in Africa

Post by Zmeselo » 26 Mar 2025, 21:42


Top 10 African countries with the strongest currencies in March 2025 https://africa.businessinsider.com/loca ... 25/s1rsj33

Fiyameta
Senior Member
Posts: 17065
Joined: 02 Aug 2018, 22:59

Re: Nakfa: the 6th strongest currency in Africa

Post by Fiyameta » 26 Mar 2025, 22:59

You can buy 1000 Abere with 1 Nakfa, but only ½ Abere with 1 Birr

Selam/
Senior Member
Posts: 15035
Joined: 04 Aug 2018, 13:15

Re: Nakfa: the 6th strongest currency in Africa

Post by Selam/ » 26 Mar 2025, 23:14

መቼም ምኞት አይከለከልም። ቁጭ ብለህ የምታልመው፣ ጉድለትህን በኢትዮጵያ ለመሙላት ኖሯል እንዴ?

ታዲያ አንድ አበረ ብቻ አይበቃህም እንዴ፣ በአንድ ጊዜ ሺህ ከምትመኝ? ስንኩል!

Thomas H
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Joined: 27 Jan 2007, 16:30
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Re: Nakfa: the 6th strongest currency in Africa

Post by Thomas H » 26 Mar 2025, 23:54

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."


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