: the basic monetary unit of Ethiopia see Money Table
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Every Ethiopian birr or Kenyan shilling spent servicing expensive debt is money that is not available to build and staff health clinics, train teachers and equip schools, and improve agricultural productivity as the region adapts to harsher weather.—Mark Suzman, Foreign Affairs, 11 July 2024 His oldest brother, Hailu, gave her a $10 Ethiopian birr, with which Ibssa was able to start his journey toward education.—Acsah Lemma, Sacramento Bee, 13 June 2024 After many arguments and beatings, each migrant agreed to pay the ninety thousand birr.—Ed Caesar, The New Yorker, 6 Nov. 2023 Broad money supply has been increasing by 20% annually according to the National Bank of Ethiopia over the last 15 years and skyrocketed from 104.4 billion Ethiopian birr to almost 1 trillion birr this year.—Samuel Getachew, Quartz Africa, 14 Sep. 2020 The birr trades at about 99 per dollar, compared with the official rate of 53.5.—Karl Lester M Yap, Bloomberg.com, 12 Feb. 2023 Massive devaluation of the birr Since 2017, the government has been undergoing a major devaluation.—Hawi Dadhi, Quartz, 5 July 2022 In the past four years the value of birr has dwindled by 126% against the dollar.—Hawi Dadhi, Quartz, 5 July 2022 Ethiopia’s Bankers Association noting that over 113 billion Ethiopian birr lives outside of the formal banking system exacerbating the liquidity problems commercial banks have faced this year.—Samuel Getachew, Quartz Africa, 14 Sep. 2020
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