Ethiopia’s central bank has devalued the Ethiopian birr by about 25% or 10 Birr in year-on-year in 2021.

Exchange rate at December 31,2020

On December 31, 2020, One US dollar was exchanged at ETB 39.1809.  After a year on December 31, 2021 the value of one US dollar reached 49.1936, showing a 25.53% increment.

Exchange rate at December 31,2021

January 1964, the Ethiopian birr was slightly devalued to 2.50 birr per US dollar.

Deresse Degefa, 2000.
DISCLAIMER

The opinions expresses here in the post "The Ethiopian Birr has had a Rough Ride in 2021: Devalued by 25% to US Dollar" are those of the individua's contributor(s) and do not necessarily reflect the views of Business Info Ethiopia , BIE Intelligence PLC, its publisher, editor, or any of its other contributors.

Share.

Comments are closed.