20 ሺ ሰው የሚቀጥር! 600 ትራኮች በየቀኑ የሚጭኑበት
Sesame: Are You Sure?
20 ሺ ሰው የሚቀጥር! 600 ትራኮች በየቀኑ የሚጭኑበት
Re: Sesame: Are You Sure?
Sisi,
This is exactly what you will see at Gode in 30 months!
This is exactly what you will see at Gode in 30 months!
Re: Sesame: Are You Sure?
Yep Horsey, I am absolutely sure that Ethiopia is disintegrating. Fano is now on the march. Abiy's rag tag militia is being decimated daily.
Horsey; as Ethiopians realize the country is dying, these are what you will see happening.
1) Criminal activities will rise dramatically;
2) High level officials will begin to jump from the sinking ship;
3) Fano will transition from guerrilla type tactics to taking and keeping towns and cities;
4) Tigray will increasingly be a de facto free state;
5) The birr will collapse. We will see $1=1000 birr transfers as nervous birr holders clamour to save whatever they can;
6) Inter ethnic clashes will rise as factions vie for more territories. Smaller ethnics will be massacred enmasse;
A grim picture!
https://www.facebook.com/share/v/17kwtoYSeG/
Horsey; as Ethiopians realize the country is dying, these are what you will see happening.
1) Criminal activities will rise dramatically;
2) High level officials will begin to jump from the sinking ship;
3) Fano will transition from guerrilla type tactics to taking and keeping towns and cities;
4) Tigray will increasingly be a de facto free state;
5) The birr will collapse. We will see $1=1000 birr transfers as nervous birr holders clamour to save whatever they can;
6) Inter ethnic clashes will rise as factions vie for more territories. Smaller ethnics will be massacred enmasse;
A grim picture!
https://www.facebook.com/share/v/17kwtoYSeG/
Re: Sesame: Are You Sure?
When you have an illiterate 7th grade-dropout at the helm, disaster is inevitable:
TN Commentaries
ETHIOPIA —
The National Bank of Ethiopia (NBE) has incurred losses over 450 billion Birr as a result of the government’s much hyped foreign exchange market reforms, along with an additional 40 billion Birr loss from gold sales.
These losses stem from what critics describe as “doing business the wrong way,” particularly the central bank’s decision to offer a 15 percent premium to incentivize local gold supply and discourage informal gold trading.
“The losses will continue to grow as long as the Birr keeps depreciating,” said Dr. Abdulmenan Mohammed, a seasoned financial expert who closely follows Ethiopia’s financial sector.
According to Abdulmenan, NBE has been purchasing locally sourced gold at a significant loss simply to gain access to foreign currency. “The bank was unwilling to correct this approach, and as a result it has already lost 40 billion Birr,” he said.
He added that while losses were expected, the scale was shocking.
"I could not believe my eyes when I saw the 445 billion Birr loss. This is due to the debt the NBE owes Abu Dhabi and Saudi, which remain unpaid. Following last year’s currency floating, the payable loss on these unpaid debts surged exponentially. Even with minimal currency depreciation, the losses are huge,” Abdulmenan told The Reporter.
Central banks are generally expected to operate profitably or at least maintain financial stability. When a national bank begins registering losses of this magnitude, it signals deep structural problems. In Ethiopia’s case, it suggests the economy is edging toward an emergency phase.
Ultimately, the cost of servicing the central bank’s growing debt will not disappear. It will be passed on to taxpayers, either directly or indirectly.
Ethiopians should prepare for a higher cost of living, rising inflation, and deeper poverty in the years ahead. What the country is experiencing now may only be the early stage of a much more severe economic crisis.
Readers are strongly encouraged to review the full auditor’s report to fully grasp the seriousness of the situation facing the Ethiopian economy.
Well done Wedi Beshasha ...
TN Commentaries
ETHIOPIA —
The National Bank of Ethiopia (NBE) has incurred losses over 450 billion Birr as a result of the government’s much hyped foreign exchange market reforms, along with an additional 40 billion Birr loss from gold sales. These losses stem from what critics describe as “doing business the wrong way,” particularly the central bank’s decision to offer a 15 percent premium to incentivize local gold supply and discourage informal gold trading.
“The losses will continue to grow as long as the Birr keeps depreciating,” said Dr. Abdulmenan Mohammed, a seasoned financial expert who closely follows Ethiopia’s financial sector.
According to Abdulmenan, NBE has been purchasing locally sourced gold at a significant loss simply to gain access to foreign currency. “The bank was unwilling to correct this approach, and as a result it has already lost 40 billion Birr,” he said.
He added that while losses were expected, the scale was shocking.
"I could not believe my eyes when I saw the 445 billion Birr loss. This is due to the debt the NBE owes Abu Dhabi and Saudi, which remain unpaid. Following last year’s currency floating, the payable loss on these unpaid debts surged exponentially. Even with minimal currency depreciation, the losses are huge,” Abdulmenan told The Reporter.
Central banks are generally expected to operate profitably or at least maintain financial stability. When a national bank begins registering losses of this magnitude, it signals deep structural problems. In Ethiopia’s case, it suggests the economy is edging toward an emergency phase.
Ultimately, the cost of servicing the central bank’s growing debt will not disappear. It will be passed on to taxpayers, either directly or indirectly.
Ethiopians should prepare for a higher cost of living, rising inflation, and deeper poverty in the years ahead. What the country is experiencing now may only be the early stage of a much more severe economic crisis.
Readers are strongly encouraged to review the full auditor’s report to fully grasp the seriousness of the situation facing the Ethiopian economy.
Well done Wedi Beshasha ...
