Ethiopian money

New $200 birr note, Ethiopian National Bank is studying to print

Ethiopian National Bank (NBC) is considering to print a $200 birr note according to a report. Sources that are close to the matter told to the Amharic news website Ethiopianreporter.com, the pressure... Read more »
ethiopian-birr

 Food prices push Ethiopia inflation  to 39 pct

* July food costs up 47.4 pct yr/yr * Alcohol and tobacco, transport also climb ( ADDIS ABABA Aug 8 (Reuters) – Consumer prices in Ethiopia jumped 39.2 percent in July from... Read more »

Ethiopia’s January inflation rate hits 17.7 pct

* Food prices rise 13.6 percent * Non-food prices up for 5th straight month ADDIS ABABA, Feb 14 (Reuters) – Rising food prices helped push Ethiopia’s annual inflation rate up to 17.7... Read more »

Ethiopia braces for oil shortage as Sudan shuts pipes

Afrik:by Desalegn Sisay, Fuel prices in Ethiopia will be raised in March following an increasing consumption of fuel and its consequent impact on the government’s fuel expenditure. A recent decision by its... Read more »
meles zenawi

Meles Zenawi promising no devaluation for the next 5 years

Reuters Sees no major birr devaluation, will regulate rate Govt to seek ways of easing inflationary pressures ADDIS ABABA, Feb 3 (Reuters) – Ethiopian Prime Minister Meles Zenawi ruled out the possibility... Read more »
Ethiopia inflation rises

Ethiopia: Devalutation and speedy growth breed economic chaos?

Afrik: by Desalegn Sisay Ethiopian Government and entrepreneurs seem to have found a common ground to find a solution to a recalcitrant double digit inflation after the former was forced to revise... Read more »
Ethiopian Birr inflation

Ethiopia inflation rises to 14.5 pct in December

Reuters: ADDIS ABABA Jan 14  – Ethiopia’s annual inflation jumped to 14.5 percent last month from 10.2 percent in November after a steep rise in food and non-food prices caused in part... Read more »
National Bank of Ethiopia

Ethiopian Central Bank Increases Saving Interest Rate to 5%

APA-Addis Ababa (Ethiopia) The National Bank of Ethiopia (NBE) on Monday announced increase in savings interest rate to five percent from four percent previously with a view to encouraging savers. It is... Read more »
Ethiopian one birr አንድ ብር

Ethiopia: Transport, construction sectors hardest hit by birr devaluation

The 16.7 percent devaluation of the Ethiopian currency, the birr, announced last week, against major foreign currencies has seen price inflation rising into the double-digits on both imported and locally manufactured goods.... Read more »