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Ethiopia: Dont't Stash Away Much-Needed Hard Currency
Ethiopian Herald, 30 July 2018
As the saying goes money does not grow on trees. The lack of money is the root of all evils. As a matter of fact, money comes and goes over and over again. If one uses money as it… Read more »
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Ethiopia: Claiming Back the Fading Purchasing Power of Birr
Ethiopian Herald, 31 July 2018
Ever since the Birr was devalued once again, its exchange rate against the U.S. dollar started to soar. From just over 27 Birr in banks, the exchange rate of the Birr slowly crept… Read more »
Reclaiming the Fading Purchasing Power of the Birr
Some Ethiopians living abroad officially boycotted sending money home in protest to the lack of political freedom. However, these groups have officially changed their stance to encourage Ethiopians to send money into the country using formal channels, writes the Ethiopian Herald.
InFocus
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Prime Minister Abiy Ahmed has met with the country's diaspora, including political and religious leaders as well as head of the IMF Christine Lagarde, The World Bank's Jim Yong Kim ... Read more »
