Ethiopia's Birr ranks third weakest currency globally .... The unit fell More than 15% against the dollar
Posted: 24 Dec 2025, 01:52
Ethiopia’s birr faces further losses as the nation restructures its debt after a steep depreciation made it one of the world’s worst currencies this year.
The Horn of Africa nation hopes to conclude the revamp under the Group of 20 Common Framework by mid-year and has reached a memorandum of understanding with Official Creditor Committee nations to restructure $3.5 billion of loans.
Economists argue that a slower pace of inflation can reduce pressure on a country’s currency, and Ethiopia’s annual inflation cooled to 10.9% in November from 18.6% in July 2024. https://www.bloomberg.com/news/articles ... tructuring
The Horn of Africa nation hopes to conclude the revamp under the Group of 20 Common Framework by mid-year and has reached a memorandum of understanding with Official Creditor Committee nations to restructure $3.5 billion of loans.
Economists argue that a slower pace of inflation can reduce pressure on a country’s currency, and Ethiopia’s annual inflation cooled to 10.9% in November from 18.6% in July 2024. https://www.bloomberg.com/news/articles ... tructuring
