You have given us a very knowledgeable economist's perspective and analysis. You have presented in a disciplined and polite manner. I share with you the the negative effect of birr devaluation that is causing inflation. I also share what the IMF recommend the money [$] that gained through devaluation recomended to apply on capital rather than consumption or others. Thank you very much for your video explanation. Keep it up!!
Great explanation! Using your example are you accounting for the factor of inflation? For instance the price of export coffee back when the birr was 32br is not the same as now when the birr is 52br so just because the foreign buyers can exchange the same amount of dollars for more birr does not necessarily mean they can buy more items. Because devaluation has other consiquenes such has increased of demand for commodities as a result of lack and scarcity of hard currency and what not. so inorder to see the benefits and drawbacks we have to account for these factors as well.
Thank for your explation. I would like to know something, Here the economist and government decrease the value of birr in terms foreign currency to improve the overall economic performance. But the our economy show great fluctuations., recession, hyperinflation,rise in unemployment rate etc even if it is surplus capital or current account,not only that......... For a time being, how we should act with such economic problem to stabilize the Ethiopian economy??
@issacnewton79876 ай бұрын
now i understand
@yaredtena62 жыл бұрын
As the value of the dollar rises አስር ብር የነበረው ሳሙናም ሀያ ብር ይሆናለ ወይስ የውጪ ሰዎች የኛን ምርት ሲገዙ ዋጋ አይጨምርባቸውም ?
If the change in the quantity demanded of the export is greater (positive) as compared to the change in the price of our currency (devaluation); the PM explanation is right. (if the country gets the intended volume of exports).
@ahmedinkemal98572 жыл бұрын
You have given us a very knowledgeable economist's perspective and analysis. You have presented in a disciplined and polite manner. I share with you the the negative effect of birr devaluation that is causing inflation. I also share what the IMF recommend the money [$] that gained through devaluation recomended to apply on capital rather than consumption or others. Thank you very much for your video explanation. Keep it up!!