US EditionEthiopian Birr: World’s 3rd Worst Currency Due to Sharp Depreciation
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Ethiopian Birr: World’s 3rd Worst Currency Due to Sharp Depreciation
(TH) – This week’s edition of Hanke’s Currency Watchlist has flagged the Ethiopian birr as the world’s third worst currency. A whopping drop of approximately 27% against the USD year over year has put the spotlight on the birr. If you’re wondering why this drastic depreciation, fingers are heavily pointed at Prime Minister Abiy Ahmed, who is being branded as arrogant, corrupt, and incompetent by critics. The Ethiopian economy is feeling the pres…
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