Ethiopian News, Current Affairs and Opinion Forum
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Fiyameta
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by Fiyameta » 21 Jun 2025, 23:47
Hopeless Nation
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12 days ago....

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Fiyameta
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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.
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Fiyameta
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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.
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sesame
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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/
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ethiopian
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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
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Fiyameta
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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.
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ethiopian
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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...
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Abdisa
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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....