After birr devaluation inflation rising double-digits
published 606 days, 7 hours, 55 minutes ago posted by adminadmin 606 days, 8 hours, 2 minutes ago
Tuesday, September 21, 2010 5:45:41 AM GMT Tuesday, September 21, 2010 5:38:45 AM GMT
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. Construction industry In the wake of the devaluation prices of main construction materials have skyrocketed with steel, cement and paints showing a minimum [...]
Digg It category: Business | | source: ecadforum.com | show counter code tags: Bank, birr, economy, ethiopia, news about ethiopia

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