Tuesday, September 28, 2010
by: Peter Heinlein--special to SharonCobb.com from EthiopiaEthiopia has sharply devalued its currency - the birr - in a bid to boost economic growth. The move was welcomed by economists, though it may have the side effect of fueling inflation.Ethiopia's Central Bank announced Wednesday that the birr has been devalued from roughly 13 ½ birr to the dollar to nearly 16 ½ birr, a one-day drop of
Labels: ethiopia
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