Ethiopia Devalues Birr 9.9% After Foreign Currency
Shortages
13 July, 2009 | By Jason McLure
Bloomberg

    Ethiopia devalued its currency, the
    birr, 9.9 percent against the dollar on
    July 10 after difficulty obtaining
    foreign exchange led to shortages of
    imported goods such as auto parts
    and medical supplies.

    The country’s official exchange rate
    fell to 12.444 against the dollar from
    11.3247 on July 9, according to the
Web site of the National Bank of Ethiopia, the country’s central bank.

Ethiopia has been in talks with the International Monetary Fund over
loans to help it cope with the global economic downturn. In an
interview on June 19, Prime Minister Meles Zenawi said the country
was likely to devalue the birr as a condition of getting IMF...More.
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Ethiopian Birr
(Wikipedia)
First birr, 1855-1936
"In the 18th and 19th centuries, Maria Theresa
thalers and blocks of salt called amoleh served as
currency in Ethiopia. The thaler was known locally
as the Birr (literally meaning "silver" in Ge'ez and
Amharic) or taleri. The Maria Theresa thaler was
officially adopted as the standard coin in 1855,....
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Ethiopian Currency Bank Notes
Image Gallery
WWW.BANKNOTES.COM

Commercial Banks' Exchange Rates in Birr
per Unit of Foreign Currency for both cash
and transactions:
National Bank of Ethiopia
Ethiopia PM sees no major devaluation in next 5 yrs
03 February, 2011 (Reuters/Africa) - Ethiopian Prime Minister
Meles Zenawi ruled out the possibility of another major devaluation
of the birr on Thursday amid concerns the present rate is fuelling
inflation in the Horn of Africa nation.... More
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Birr To Continue Gradual Slide
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is trading at about ETB16.742/US$, as the currency continues to
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