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The birr (Amharic: ብር) is the primary unit of currency in Ethiopia.It is subdivided into 100 santims.. In 1931, Emperor Haile Selassie formally requested that the international community use the name Ethiopia (as it had already been known internally for at least 1,600 years [2]) instead of the exonym Abyssinia, and the issuing Bank of Abyssinia also became the Bank of Ethiopia.
The convention is that the day begins at 1:00 o'clock in the morning according to the 12-hour cycle (7:00 AM EAT) rather than midnight (12:00 AM EAT). [5] Therefore, the local population could be said to effectively observe UTC-03:00 rather than UTC+03:00 in terms of the numbering of hours and their association with 24-hour days, with the ...
Net present value. The net present value (NPV) or net present worth (NPW) [1] is a way of measuring the value of an asset that has cashflow by adding up the present value of all the future cash flows that asset will generate. The present value of a cash flow depends on the interval of time between now and the cash flow because of the Time value ...
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If the weekly 1-hour session was repeated every Sunday for one full year, i.e. from Sunday 1 August 2010 3 am UTC to Sunday 26 June 2011 4 am UTC (stop time of the last repeat, i.e. 360 days plus 1 hour later, or 31107600 seconds later), so that it would include the transition back to Summer time on Sunday 27 March 2011 at 2 am (1 hour is added ...
36.1%. 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.
The official government working week is Monday to Friday; 8 hours per day, except Friday which is 7 hours, and 39 hours in total per week. Official work hours run from 08:30 am to 05:30pm with one hour for lunch from 12:30pm to 01:30pm. On Friday, lunch hour runs from 2:00 pm to 6:00 to allow Muslims to attend Friday prayers.
A country's gross domestic product (GDP) at purchasing power parity (PPP) per capita is the PPP value of all final goods and services produced within an economy in a given year, divided by the average (or mid-year) population for the same year. This is similar to nominal GDP per capita but adjusted for the cost of living in each country.