The Habesha
Ethiopia lets Currency go into Freefall to get IMF Loan Ethiopia’s economic situation, particularly its decision to let its currency depreciate in order to secure a loan from the International Monetary Fund (IMF). This is a significant move for several reasons: Currency Depreciation: Allowing the currency to depreciate can make exports cheaper and more competitive internationally, which can help boost the country’s export sector. However, it can also lead to higher import costs and inflation, affecting the cost of living and economic stability. IMF Loan: Securing a loan from the IMF often involves implementing certain economic reforms or adjustments. These
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