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Currency appreciation and depreciation. Currency depreciation is the loss of value of a country's currency with respect to one or more foreign reference currencies, typically in a floating exchange rate system in which no official currency value is maintained. Currency appreciation in the same context is an increase in the value of the currency.
Tables of historical exchange rates to the United States dollar. Listed below is a table of historical exchange rates relative to the U.S. dollar, at present the most widely traded currency in the world. [1] An exchange rate represents the value of one currency in another. An exchange rate between two currencies fluctuates over time.
Ethiopia reached a separate debt-service suspension deal with China earlier in 2023. Ethiopia has been without an IMF program since its last lending arrangement with the fund expired in late 2022.
Ethiopia's economy experienced strong, broad-based growth averaging 9.4% a year from 2010/11 to 2019/20. Ethiopia's real gross domestic product (GDP) growth slowed down to 6.1% in 2019/20 due to the COVID-19 pandemic. [77] Industry, mainly construction, and services accounted for most of the growth.
1942. Headquarters. Addis Ababa, Ethiopia. Official languages. Amharic, Arabic and Oromo. Website. ena.et. The Ethiopian News Agency ( Amharic: የኢትዮጵያ ዜና አገልግሎት Ye-Ityopya Zéna Agelgelot ( IZA) or ENA) is the official news agency of the government of Ethiopia. It is the oldest news organisation in Ethiopia ...
The Ethiopian Securities Exchange (ESX) is the primary securities exchange in Ethiopia. Its establishment is part of a broader initiative by the Ethiopian government to enhance the country's financial infrastructure and provide a platform for businesses and investors to engage in securities trading. The development of the ESX is in line with ...
The United States is resuming food aid to refugees in Ethiopia after assistance was paused earlier this year because donations were being diverted, a senior U.S. Agency for International ...
The Ethiopian Regional Special Forces ( Amharic: የኢትዮጵያ ልዩ ሀይል) is a paramilitary and gendarmerie force of the Ethiopian National Defense Force. It was first established in 2007 by the order of the federal government in order to counter the insurgency in the Somali Region. it has the specialized task to maintain regional ...