system
February 15, 2018, 6:58pm
41
shocks:
Hehehe, the stupid countries do. The Sudan pound was at 6, they had to devalue to 18 to the dollar, this was January. In Feb. they devalued to 30pounds to the dollar, na bado kuna shortage, black market dollar inachezea 45pounds. Ile inflation inawalima sahii ni moja serious. If they had a free floating currency since 2014 when oil prices tanked, hii shida hawange kuwa nayo
Yes. On that I agree. Infact after cessation of the South which went with 75% of the reserves, they should have floated it and removed subsidies
system
February 15, 2018, 7:01pm
42
The issue was whether a fixed exchange rate attracts investments. My answer was yes as long as there is sufficient reserves. And I gave the example of Sudan. Once Sudan separated, it was clear reserves would dwindle and the fixed rate system would become a problem.
shocks:
Hehehe, the stupid countries do. The Sudan pound was at 6, they had to devalue to 18 to the dollar, this was January. In Feb. they devalued to 30pounds to the dollar, na bado kuna shortage, black market dollar inachezea 45pounds. Ile inflation inawalima sahii ni moja serious. If they had a free floating currency since 2014 when oil prices tanked, hii shida hawange kuwa nayo
When Egypt floated the pound ilitoka 5 hadi 14, ikabidi IMF iingilie kati
system
February 15, 2018, 7:07pm
44
[ATTACH=full]157500[/ATTACH] [ATTACH=full]157501[/ATTACH]
I was telling people that a minority cannot continue oppressing a majority forever without a revolution/uprising and i used Haiti to illustrate and said that history always repeats itself,people in the forum started insults and jokes,this is an example
Oromo c ni hii borana ya Kenya
mentor:
To be frank, have been to Several regions of Ethiopia the past one month. The only thing I noted is that internet is blocked in some regions, In Adis, i had to use VPN to access WhatsApp. Facebook i never succeeded. Their currency is shit, and valueless outside Ethiopia, neither can you exchange them for dollars in that country.
Haven’t heard or seen any protest, my only complain is their ladies hardly take a shower…
boss kwani ulienda kuwanusa:D