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Fiyameta
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Joined: 02 Aug 2018, 22:59

Re: ⛓️⛓️⛓️ $1 US Dollar ❯❯❯❯ 137.59 Ethiopian Birr ⬇️ ⛓️⛓️⛓️

Post by Fiyameta » 22 Jun 2025, 00:44

Question: Does currency devaluation make things cheaper?

  • AI: Yes and No.

    Yes, currency devaluation generally makes things cheaper for foreigners that want to exploit the country.

    No, because as the currency loses its value, everything becomes very expensive for people within the country.

    Therefore, currency devaluation is good for foreigners, but a terrible thing for citizens.


Fiyameta
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Posts: 17943
Joined: 02 Aug 2018, 22:59

Re: ⛓️⛓️⛓️ $1 US Dollar ❯❯❯❯ 137.59 Ethiopian Birr ⬇️ ⛓️⛓️⛓️

Post by Fiyameta » 22 Jun 2025, 03:54

Before Abiy Ahmed sold Ethiopia to the UAE, in 2018 $1 USD = 27 Birr.
Today, $1 USD = 137.59 Birr. :shock: :shock:


Fiyameta
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Posts: 17943
Joined: 02 Aug 2018, 22:59

Re: ⛓️⛓️⛓️ $1 US Dollar ❯❯❯❯ 137.59 Ethiopian Birr ⬇️ ⛓️⛓️⛓️

Post by Fiyameta » 22 Jun 2025, 21:39

It was 137.59 yesterday. It is 137.92 today. Down by 33 cents in only one day!
This is Ethiopia, a country in debt up to its neck, and where doctors earn $70 a month! :shock: :shock:



sesame
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Joined: 28 Feb 2013, 17:55

Re: ⛓️⛓️⛓️ $1 US Dollar ❯❯❯❯ 137.59 Ethiopian Birr ⬇️ ⛓️⛓️⛓️

Post by sesame » 22 Jun 2025, 22:06

The birr is in a free-fall. The black market rate was $1 = 160 birr yesterday. Today, it has fallen to 162! Panic is setting in as people recognize the inevitable collapse. Individuals with large birr holdings will soon be desperate to get rid of it. That will trigger the private banks to follow suit! The birr black-market is the best indicator of the coming apocalypse!

https://ethioblackmarket.com/

ethiopian
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Joined: 09 Oct 2011, 21:29

Re: ⛓️⛓️⛓️ $1 US Dollar ❯❯❯❯ 137.59 Ethiopian Birr ⬇️ ⛓️⛓️⛓️

Post by ethiopian » 22 Jun 2025, 22:09

I need bunch of Nakfaa to wipe my A$$ after number #2, I hope Skunnis from Eritrea will send me some

sesame
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Posts: 7385
Joined: 28 Feb 2013, 17:55

Re: ⛓️⛓️⛓️ $1 US Dollar ❯❯❯❯ 137.59 Ethiopian Birr ⬇️ ⛓️⛓️⛓️

Post by sesame » 22 Jun 2025, 22:41

Dumbito, you better wipe your [deleted] with Ethiopian birr, coz it is much cheaper!

There black market and official rate for Nakfa
1.00 US Dollar = 15.00 Eritrean Nakfas

1.00 US Dollar = 162.49 Ethiopian birr

https://ethioblackmarket.com/

1 Nakfa=10 Birr!

And it is going down. We will follow the collapse of the birr! :lol: :lol: :lol: :lol:

ethiopian wrote:
22 Jun 2025, 22:09
I need bunch of Nakfaa to wipe my A$$ after number #2, I hope Skunnis from Eritrea will send me some

Fiyameta
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Posts: 17943
Joined: 02 Aug 2018, 22:59

Re: ⛓️⛓️⛓️ $1 US Dollar ❯❯❯❯ 137.59 Ethiopian Birr ⬇️ ⛓️⛓️⛓️

Post by Fiyameta » 22 Jun 2025, 23:38

Currency devaluation is imposed by the IMF to make investments in a heavily indebted country cheaper for foreign investors.

For example, in 2018, the price of 1 Kilogram of Ethiopian coffee was 80 Birr or $2.87 US dollars when exported.

In 2025, due to the Birr losing its value by 500%, the price of Ethiopian coffee costs foreign investors 0.58 US cents per kilogram, which is $2.29 lower than what they paid in 2018.

ethiopian
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Joined: 09 Oct 2011, 21:29

Re: ⛓️⛓️⛓️ $1 US Dollar ❯❯❯❯ 137.59 Ethiopian Birr ⬇️ ⛓️⛓️⛓️

Post by ethiopian » 23 Jun 2025, 00:42

Skunni fake country slaves I promise i will pay in cash for the soft nakifa , I need cheap toilet paper in here...



Fiyameta
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Posts: 17943
Joined: 02 Aug 2018, 22:59

Re: ⛓️⛓️⛓️ $1 US Dollar ❯❯❯❯ 137.59 Ethiopian Birr ⬇️ ⛓️⛓️⛓️

Post by Fiyameta » 24 Jun 2025, 13:18

Did you know that...

In June of 2024, $1 USD = 57.62 Birr
One year later...
In June of 2025, $1 USD to 137.92 Birr

Since 2018, the Birr has lost 500% of its value.
:shock: :shock: :shock:

** If you lose 100% of value, you are nothing. If you lose 500%, you are worthless.



Abdisa
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Joined: 25 Apr 2010, 19:14

Re: ⛓️⛓️⛓️ $1 US Dollar ❯❯❯❯ 137.59 Ethiopian Birr ⬇️ ⛓️⛓️⛓️

Post by Abdisa » 24 Jun 2025, 22:43

“Remember Live Aid in 1985, that symbol of concern and generosity? Did you know that during that year the hungriest countries in Africa gave twice as much money to us in the developed world as we gave to them?”

“Contrary to the myth long popular in the West, its been the poor in the world that finance the rich, and not the other way around.”

“In many ways it's like a colonial war, the difference is, these days people and their resources are controlled not by occupying armies, but by other more sophisticated means of which the principle weapon is DEBT. ”

Watch this....







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