Ethiopian News, Current Affairs and Opinion Forum
Fiyameta
Senior Member
Posts: 17939
Joined: 02 Aug 2018, 22:59

☢️ $1 US Dollar ❯❯❯❯ 1️⃣3️⃣8️⃣.7️5️⃣ Ethiopian Birr ⬇️⬇️⬇️ ☢️

Post by Fiyameta » 04 Jul 2025, 00:51

It was $1 US Dollar = 137.95 Birr a week ago. Now this.... :shock: :shock:

Last edited by Fiyameta on 04 Jul 2025, 13:01, edited 1 time in total.

Fiyameta
Senior Member
Posts: 17939
Joined: 02 Aug 2018, 22:59

Re: ☢️ $1 US Dollar ❯❯❯❯ 1️⃣3️⃣8️⃣.2️⃣5️⃣ Ethiopian Birr ⬇️⬇️⬇️ ☢️

Post by Fiyameta » 04 Jul 2025, 00:55








Selam/
Senior Member
Posts: 15517
Joined: 04 Aug 2018, 13:15

Re: ☢️ $1 US Dollar ❯❯❯❯ 1️⃣3️⃣8️⃣.7️5️⃣ Ethiopian Birr ⬇️⬇️⬇️ ☢️

Post by Selam/ » 04 Jul 2025, 15:12

አይ ቅብዝብዝ ሻቦ

ውሎህም አዳርህም ኢትዮጵያ ሆኗል። ለመሆኑ የአንድ ኪሎ ቅቤ ዋጋ ስንት ነው ዛሬ ፊንፊኔ? ምንድነው ቅቤ እንዳትለኝ?




Fiyameta
Senior Member
Posts: 17939
Joined: 02 Aug 2018, 22:59

Re: ☢️ $1 US Dollar ❯❯❯❯ 1️⃣3️⃣8️⃣.7️5️⃣ Ethiopian Birr ⬇️⬇️⬇️ ☢️

Post by Fiyameta » 06 Jul 2025, 14:16

The image-conscious mayor of Finfine, Abiy Ahmed has asked for additional $1 Billion dollars in World Bank loans to renovate some streets in Addis Ababa frequented by foreign visitors. Ethiopia's foreign debt will rise to $70 billion dollars, in what economists are already referring to as "Debt Slavery."



Ethiopia announced on Friday that it has entered into a financial agreement worth $1 billion with the World Bank. According to a post by its finance ministry on Facebook, the funding will be provided in the form of a concessional loan and grant.

Earlier this week, the International Monetary Fund’s board approved the latest assessment of the East African nation’s $3.4 billion loan program, which enabled access to an additional $262.3 million tranche.

This development occurs amid growing concerns about the adverse effects of policies promoted by international financial institutions on African economies, with economists arguing that the global financial system is not beneficial for the continent.

https://newscentral.africa/ethiopia-wor ... agreement/




Fiyameta
Senior Member
Posts: 17939
Joined: 02 Aug 2018, 22:59

Re: ☢️ $1 US Dollar ❯❯❯❯ 1️⃣3️⃣8️⃣.7️5️⃣ Ethiopian Birr ⬇️⬇️⬇️ ☢️

Post by Fiyameta » 10 Jul 2025, 01:47

Currency depreciation is generally a sign of a country's deteriorating economy, political instability, poor governance, high inflation, low productivity, and large trade deficits.

When a currency depreciates by 500%, it is a sign of an impending state collapse. :idea:



Fiyameta
Senior Member
Posts: 17939
Joined: 02 Aug 2018, 22:59

Re: ☢️ $1 US Dollar ❯❯❯❯ 1️⃣3️⃣8️⃣.7️5️⃣ Ethiopian Birr ⬇️⬇️⬇️ ☢️

Post by Fiyameta » 11 Jul 2025, 02:39

In June of 2024, 1 Euro = 62.49 Ethiopian Birr.

Today, 1 Euro = 159.24 Ethiopian Birr. :shock: :shock: :shock:

During the last 5 years, the Birr lost 300% of its value against the Euro.
:|
----------------------

1 Euro = 17.52 Eritrean Nakfa :mrgreen: :mrgreen:

--------------

In 2024, 1 UAE Dirham = 15.70 Ethiopian Birr

Today, 1 UAE Dirham = 37.13 Ethiopian Birr
:shock:



Post Reply