Ethiopia’s central bank has devalued the Ethiopian birr by about 25% or 10 Birr in year-on-year in 2021.
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.
January 1964, the Ethiopian birr was slightly devalued to 2.50 birr per US dollar.
Deresse Degefa, 2000.
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