On October 10, 2017, the National Bank of Ethiopia (NBE) devalued the Birr by 15 percent as pressures on the foreign exchange intensified. According to the Government, the devaluation was undertaken to encourage exports and overcome the foreign exchange shortage.
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DETAILS
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2017/11/08
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Brief
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121807
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1
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1
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2017/12/01
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Disclosed
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1
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inflation
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Citation
Ethiopia : Impacts of the Birr devaluation on inflation : 1 (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/586131512139181555