Today’s video is about Ethiopia’s Birr and it’s recent plummet. Could it be failing? And could this be a sign for what’s ahead for the dollar?
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Links used in video:
https://addisfortune.news/demonetisation-revives-gold-demand-black-market/
https://addisinsight.net/2024/08/ethiopias-birr-plummets-by-82-to-103-94-cbe-leads-the-charge-in-currency-float/
https://www.xe.com/currencyconverter/convert/?Amount=1&From=USD&To=ETB
https://www.xe.com/currencyconverter/convert/?Amount=1&From=XAU&To=ETB
https://www.xe.com/currencyconverter/convert/?Amount=1&From=XAG&To=ETB
https://www.xe.com/currencycharts/?from=XAG&to=ETB&view=10Y
https://www.xe.com/currencycharts/?from=XAU&to=ETB&view=10Y
https://birrmetrics.com/ethiopias-central-bank-changes-gold-pricing-to-align-with-market-rates/
Lynette Zang is an economist that has been involved in the markets at some level since 1964, as a student, banker, stockbroker and precious metals and currency analyst. She has been studying currency lifecycles since 1987 and discovered similar social, economic, and financial patterns that occur throughout the stages of a currency’s lifetime. She believes that recognizing these patterns enables people to see what’s coming and make well-informed choices that put their best interest first.
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