It was trading at 882 in 2019. The same is happening in Ethiopia, where the birr (ETB) has tumbled to a record low of 58 against the US dollar. It was trading at less than 25 a few years ago.

Central bank removes restrictions on FX trading Birr currency falls 30% against dollar Floatation of currency key to securing IMF support ADDIS ABABA, July 29 (Reuters) - Ethiopia's central bank ...

Under the new policy announced by the central bank, the value of the Ethiopian currency - the birr - will be set by the market. It comes as negotiations between the government and the IMF reach ...

ADDIS ABABA (Reuters) -Ethiopia's central bank floated the birr currency on Monday, a move it hopes will secure International Monetary Fund (IMF) support and enable progress on a long-delayed debt ...