Ethiopia Devalues Its Birr Currency 17% Against Dollar, Central Bank

published 524 days, 11 hours, 54 minutes ago posted by adminadmin 524 days, 11 hours, 55 minutes ago
Thursday, September 02, 2010 3:03:26 AM GMT Thursday, September 02, 2010 3:02:46 AM GMT

Wed Sep 01 2010 Ethiopia devalued its currency, the birr, by 17 percent against the dollar, the third such move in the past 14 months, according to the National Bank of Ethiopia. The exchange rate was quoted at 16.351 per dollar today compared with 13.628 yesterday, according to the website of the Addis Ababa-based central bank. It was trading at 11.381 on July 10 last year. The devaluat...

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