Economics - East Africa - Ethiopia - International - Trade - Finance
The 16.7 percent devaluation of the Ethiopian currency, the birr, announced last week, against major foreign currencies has seen price inflation rising into the double-digits on both imported and locally manufactured goods.

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Ethiopia: Price hikes hit transport and construction sectors after birr devaluation -
Thanks to bring this information. we are wittnessing a sharp rice in all commodoties. for me i dodnt know how we are surving. devaluating the money will bring anything for the country. all imported goods will increase. have you withnnessed that the price for teff cereals used to make Injera remains same while other good r increasing . those who are outside are benifiting from it but we locally continue to suffer. regards - Wednesday 6 October 2010 - 21:50


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