This happened as the dollar shortage ravaged the economy and as foreign investors pulled their funds. Ethiopian birr crashThe Ethiopian birr has been in a freefall as the economy continues going through a rough patch. At the same time, the country has gone through a major dollar shortage that pushed it to default on $33 million of foreign debt. Ethiopian birr vs USDNigerian nairaThe Nigerian naira also had a rough performance in 2023. The post Why are the Zimbabwe dollar, Nigerian naira, Ethiopian birr tanking?

Source: Ethiopian News January 09, 2024 21:51 UTC