Ethiopian News, Current Affairs and Opinion Forum
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Fiyameta
- Senior Member
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- Joined: 02 Aug 2018, 22:59
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by Fiyameta » 18 Sep 2025, 19:46
Last edited by
Fiyameta on 23 Sep 2025, 10:34, edited 1 time in total.
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Fiyameta
- Senior Member
- Posts: 19742
- Joined: 02 Aug 2018, 22:59
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by Fiyameta » 19 Sep 2025, 01:03
In 2026, the Birr will be exchanged at 500 Birr to $1 US Dollar.
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sesame
- Member+
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- Joined: 28 Feb 2013, 17:55
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sesame
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by sesame » 20 Sep 2025, 22:14
The black market rate is $1=167Birr, 16% higher than the official rate. The illiterate PM tried to justify the devaluation as a move to equalize the two rates. But that is a pipe dream in a nation where every official is looting the nation and would pay much higher rates to launder his/her loot. This cannot continue. There is going to be bloody house-cleaning to get rid of the looters!
https://www.ethioblackmarket.com/
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Abdisa
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- Joined: 25 Apr 2010, 19:14
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by Abdisa » 23 Sep 2025, 22:09
5 years ago, in 2020, the Birr was exchanged at 35 Birr to 1 US dollar, and we all thought that was insane.
I never imagined that I would see the day when the Birr would be exchanged at 146 Birr to 1 USD.
When a country is dying, it's always the economy that dies first. Sad! Sad! Sad! We need help!