Mereja.Forum

[Halafi Mengedi]

Eritrean currency is not regulated by demand and supply with the rest of world banking system but political policy by Issayas and does not have any kind of effect to anyone except the poor Diaspora Eritreans who send money and the poor Eritrean who receive or depend from their relatives abroad.

You morons I mean it because Guhila Issayas knows how to milk at the fullest from the poor north Tigray people inside and outside of north Tigray. First to keep your currency high is very bad to attract any kind of economic development due to high value currency for investors to bring their factories and employ the country people. If they convert investor currency at higher value or equal to the country currency then there is no point to move their plant like high currency value to Eritrea. Second, very bad to tourism, tourists go where currency value is low against their own because it is cheaper but if high then no tourist. Third very bad for trade balance that is the cause of trade deficit that means the cause of high inflation in the country. But Eritrea is not a normal country interacts with other countries for anything and they know that and it does not matter for Eritrea economy and their target is Eritreans live in Diaspora who send money to their relatives and Eritrea is getting hard currency at equal value from them and that is the reason Issayas kept Nakfa high value to manipulate the Eritrean Diaspora. The other good move by Issayas is Nakfa kept it at high value because the Canadian mining company is employing may be hundreds of Eritreans and the company pay them by Nakfa. So, the Canadian currency is being exchanged equal or close to equal to Nakfa than at low value which is at disadvantageous to Eritrea. The Eritrean currency does not circulate anywhere outside the border so what ever value it has does not have any effect to anyone's economy, just Eritrea is not a normal country yet.

To summarize it, Issayas chose to manipulate Diaspora Eritreans than to attract investments and tourists to boost his economy. Foreign investments and tourism do not go along with Issayas Dictatorial leadership philosophy and he knows it and he never bother about it.

[Halafi Mengedi]

Do not forget Ethiopia economy is being destroyed by Eritrea exchange rate for the last two years and Eritrea is benefiting unregulated market between Ethiopia and Eritrea right now. Ethiopia economy is absorbing huge inflation due to Eritrea and the common people will pay it due to high price for everything, that is inflation is sky rocketing by the Eritrea interference in Ethiopia market.

[Tog Wajale E.R.]

[Kuasmeda]

Halafi Adgi ! It is beyond your capacity to talk about the currency of any nation! I advise you to collect the following pensioner before they make us waste our bullets.

quote="Halafi Mengedi" post_id=1091662 time=1596401417 user_id=25430]

Eritrean currency is not regulated by demand and supply with the rest of world banking system but political policy by Issayas and does not have any kind of effect to anyone except the poor Diaspora Eritreans who send money and the poor Eritrean who receive or depend from their relatives abroad.

You morons I mean it because Guhila Issayas knows how to milk at the fullest from the poor north Tigray people inside and outside of north Tigray. First to keep your currency high is very bad to attract any kind of economic development due to high value currency for investors to bring their factories and employ the country people. If they convert investor currency at higher value or equal to the country currency then there is no point to move their plant like high currency value to Eritrea. Second, very bad to tourism, tourists go where currency value is low against their own because it is cheaper but if high then no tourist. Third very bad for trade balance that is the cause of trade deficit that means the cause of high inflation in the country. But Eritrea is not a normal country interacts with other countries for anything and they know that and it does not matter for Eritrea economy and their target is Eritreans live in Diaspora who send money to their relatives and Eritrea is getting hard currency at equal value from them and that is the reason Issayas kept Nakfa high value to manipulate the Eritrean Diaspora. The other good move by Issayas is Nakfa kept it at high value because the Canadian mining company is employing may be hundreds of Eritreans and the company pay them by Nakfa. So, the Canadian currency is being exchanged equal or close to equal to Nakfa than at low value which is at disadvantageous to Eritrea. The Eritrean currency does not circulate anywhere outside the border so what ever value it has does not have any effect to anyone's economy, just Eritrea is not a normal country yet.

To summarize it, Issayas chose to manipulate Diaspora Eritreans than to attract investments and tourists to boost his economy. Foreign investments and tourism do not go along with Issayas Dictatorial leadership philosophy and he knows it and he never bother about it.

[/quote]