Posts Tagged ‘Ethiopian birr’

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

August 22 | Posted by Ethiopiaforums | Economy, Ethiopia, News, Uncategorized Tags: , , , , , , , , , ,

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 is getting high to have a 200 birr note in the market. Some private banks already requested the National bank to print a bigger value notes... Read more

Food prices push Ethiopia inflation to nearly 30 pct

May 11 | Posted by Ethiopiaforums | Economy, Ethiopia, News, Uncategorized Tags: , , , , , ,

Ethiopia’s April inflation rate jumps to 29.5 pct Soaring prices in region have triggered protests ADDIS ABABA,  (Reuters) – Ethiopia’s year-on-year inflation rate rose for a second straight month to 29.5 percent in April, from 25.0 percent a month earlier, driven by a sharp rise in food prices, the statistics agency said on Tuesday. “The total price index... Read more

Ethiopian Inflation Accelerates Following Devaluation

February 9 | Posted by Ethiopiaforums | Economy, Ethiopia, News, Uncategorized Tags: , , , , , ,

By Will Davison Ethiopia’s inflation rate increased to 17.7 percent in January as a devaluation of the local currency in September pushed up import costs, the Central Statistical Agency said. Inflation accelerated from 14.5 percent the month before, the agency said in an e-mailed statement today. Food prices rose 13.6 percent, while non-food items leaped 23.7 percent. The inflation... Read more

Meles Zenawi promising no devaluation for the next 5 years

February 3 | Posted by Ethiopiaforums | Economy, Ethiopia, Meles Zenawi, News, Uncategorized Tags: , , , , , , ,

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 of another major devaluation of the birr on Thursday amid concerns the present rate is fuelling inflation in the Horn of Africa nation. “There will not... Read more

New one-birr coins to arrive in fortnight

July 8 | Posted by ocean | Ethiopia, News, Uncategorized Tags: , ,

The National bank of Ethiopia (NBE) is to receive the new one-birr coins from the Royal Canadian Mint (RCM), the company assigned to do the job in two weeks time, a senior official at NBE told The Reporter. NBE is currently drafting a directive on how to replace the one-birr paper notes with coins of the... Read more