Ethiopian Birr Slides Sharply Against Dollar on First Day of Floating

Ethiopians woke up this morning with nearly 30pc of their purchasing power shaved off in dollar equivalents as markets responded

July 29, 2024

Munir Shemsu

Addis Ababa, Ethiopia

Quick Links

#Ethiopian Birr

Share this post:

Munir Shemsu

Munir S. Mohammed is a journalist, writer, and researcher based in Ethiopia. He has a background in Economics and his interest's span technology, education, finance, and capital markets. Munir is currently the Editor-in-Chief at Shega Media and a contributor to the Shega Insights team.

Partner with Shega

At Shega, we do more than tell stories. We help you make an impact. Our platforms, data, and expertise connect brands, organizations, and investors to the audiences and insights that matter.

Shega Brand Studio: Strategy, media, and storytelling that drive results.
Shega Media Advertising: Reach 2M+ engaged readers, listeners, and viewers every month.
Shega Research & Advisory: Tailored studies and market insights built for action.
Shega Insights: Explore Ethiopia's markets with our AI-powered intelligence platform.

Reach, engage, and grow with us.

Get in Touch