Ethiopians criticize sharp devaluation of currency
Residents in Ethiopia's capital Addis Ababa are concerned about the devaluation of the local currency, the birr, saying it may cause severe inflation & soaring prices. Shoppers told VOA today that they are already encountering soaring prices. The Ethiopian government on Sunday announced a new foreign exchange directive which will allow its currency to float freely based on market forces. A day later, the International Monetary Fund (IMF) approved a $3.4 billion loan for Ethiopia. On the line to Addis Ababa, Asmamaw Ayenew spoke to Yared Hailemeskel, an economist based in Addis Ababa, and asked about reaction to the government measures
Episodes
-
February 06, 2026Daybreak Africa
-
February 05, 2026Daybreak Africa
-
February 04, 2026Daybreak Africa
-
February 03, 2026Daybreak Africa
-
February 02, 2026Daybreak Africa
-
January 30, 2026Daybreak Africa