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.
Details
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Document Date
2017/11/08
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Document Type
Brief
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Report Number
121807
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Volume No
1
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Total Volume(s)
1
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Country
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Region
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Disclosure Date
2017/12/01
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Disclosure Status
Disclosed
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Doc Name
1
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Keywords
inflation;lack of access to markets;exchange rate;Exchange Rates;evolution of market price;competitive real exchange rate;real effective exchange rate;fiscal policy;Fiscal policies;monetary policy;elasticity of demand;official exchange rate;exchange rate instrument;exchange rate arrangement;local market condition;wholesale price decrease;international commodity price;exchange rate pass;debt service payment;consumer price index;overvalued exchange rate;crude oil price;float exchange regime;prices of import;Exchange rate policies;exchange rate policy;rate of change;foreign exchange market;foreign exchange shortage;inflationary pressure;external balance;grain price;import price;domestic price;domestic good;price control;retail price;global market;agricultural price;ceteris paribus;Job Creation;lag effect;supply response;brazilian experience;account deficit;informal assessment;Macroeconomic Policy;empirical analysis;foreign reserve;Financial Sector;fiscal deficit;export sector;supply chain;sugar price;monetary condition;rural ones;slack season;real depreciation;nominal devaluation;urban household;burden sharing;seasonal pattern;world economy;domestic financing;inflation rate;seasonal effect;severe drought;import substitute;negative effect;exceptional circumstance;operational target;household good;price decline;banking sector;high inflation;exchange reserve;egyptian pound;external demand;cereal price;
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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/586131512139181555/1