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temari
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Joined: 28 Dec 2014, 21:18

DW from Mekele - Desperate for Birr notes. Birr is very strong against the dollar in Mekele

Post by temari » 04 Mar 2022, 18:34

በትግራይ የባንክ አገልግሎት በመቋረጡ ነዋሪዎች ጥሬ ገንዘብ ለማግኘት ውድ ንብረቶቻቸውን በርካሽ ለመሸጥ ተገደዋል። ከክልሉ ውጪ በነጋዴዎች በኩል ገንዘብ ሲላክ ከመቶ ብር 35 ብር ይቆረጣል። በመቐለ በተለምዶ "ጥቁር" በሚባለው የጎንዮሽ ገበያ አንድ የአሜሪካ ዶላር ከሀገሪቱ መደበኛ የባንክ ምንዛሬ በታች በሆነ ዋጋ ከ35 እስከ 40 ብር ይመነዘራል

The official exchange rate is: 1 dollar = 51 Birr but in Mekele it is: 1 dollar = 35 to 40 Birr.
This shows how people are desperate and willing to do everything even to sell dollars cheap just to get Birr notes.

This situation of course is in no way sustainable. I suspect printing its own currency also is not an option for Tigray as this will require money printing facilities and imported materials which are lacking. Damn, having no banking notes is really a very hard problem for any society.

:arrow: https://m.dw.com/am/የባንኮች-መዘጋት-በትግራይ-ያስ ... v-61016205


Za-Ilmaknun
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Re: DW from Mekele - Desperate for Birr notes. Birr is very strong against the dollar in Mekele

Post by Za-Ilmaknun » 04 Mar 2022, 19:09

temari wrote:
04 Mar 2022, 18:34
በትግራይ የባንክ አገልግሎት በመቋረጡ ነዋሪዎች ጥሬ ገንዘብ ለማግኘት ውድ ንብረቶቻቸውን በርካሽ ለመሸጥ ተገደዋል። ከክልሉ ውጪ በነጋዴዎች በኩል ገንዘብ ሲላክ ከመቶ ብር 35 ብር ይቆረጣል። በመቐለ በተለምዶ "ጥቁር" በሚባለው የጎንዮሽ ገበያ አንድ የአሜሪካ ዶላር ከሀገሪቱ መደበኛ የባንክ ምንዛሬ በታች በሆነ ዋጋ ከ35 እስከ 40 ብር ይመነዘራል

The official exchange rate is: 1 dollar = 51 Birr but in Mekele it is: 1 dollar = 35 to 40 Birr.
This shows how people are desperate and willing to do everything even to sell dollars cheap just to get Birr notes.

This situation of course is in no way sustainable. I suspect printing its own currency also is not an option for Tigray as this will require money printing facilities and imported materials which are lacking. Damn, having no banking notes is really a very hard problem for any society.

:arrow: https://m.dw.com/am/የባንኮች-መዘጋት-በትግራይ-ያስ ... v-61016205

The currency isn't circulating end to end. They have to use the money to buy stuff from other regions, but they don't have anything to sell for those other regions to earn back the currencies. They are basically using what they accumulated over the years plus the loot, and most of the aid food is going directly to feed the overly stretched militia. Even if they print their own notes, it won't be a solution since there are no enough goods and services to be exchanged in the market. :mrgreen: The curse of greed and tribalism!

Hawzen
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Joined: 07 Jun 2012, 05:03

Re: DW from Mekele - Desperate for Birr notes. Birr is very strong against the dollar in Mekele

Post by Hawzen » 04 Mar 2022, 19:16


It looks like agames are going all the way back to the stone-age within short period of time... It has not even been two years since they declared war on the people of Ethiopia and Eritrea.... :oops: :lol: :mrgreen:

I think Barter is the best way for the mighty Republic of Tigray :lol: :lol: :lol: :lol:

Bar·ter /ˈbärdər/

noun: barter

- The action or system of exchanging goods or services without using money.



Dedebit is always dedeb
R.I.P Abay Tigray and TPLF terrorist group


Hawzen
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Posts: 7274
Joined: 07 Jun 2012, 05:03

Re: DW from Mekele - Desperate for Birr notes. Birr is very strong against the dollar in Mekele

Post by Hawzen » 04 Mar 2022, 20:23

Fiyameta wrote:
04 Mar 2022, 19:59
:P :P :P

:lol: :lol: :lol: :lol:

By the way, brother Abawusha looks good in the 500 Tigray note you have posted and he deserves it for all his dedication to his beloved Tigray Republic .... :lol: :mrgreen: :oops:

Dedebit is always dedeb
R.I.P Abay Tigray and TPLF terrorist group

sesame
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Joined: 28 Feb 2013, 17:55

Re: DW from Mekele - Desperate for Birr notes. Birr is very strong against the dollar in Mekele

Post by sesame » 05 Mar 2022, 02:07

To exchange a dollar for 35 birr when the official rate if 50 is a crime that only an Agame is capable of. In the end that is what will happen. Thievery is an Agame culture and here we have the perfect example of Agames ripping off other Agames.

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