Public Health specialist|| Co-founder Population Health Association kenya|| Geo-politics|| Muslim || politics and Diplomacy|| All views strictly mine||
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News: #Ethiopia’s Birr ranks third weakest currency globally — Bloomberg
Ethiopia’s #birr has recorded the third weakest performance among global currencies tracked by Bloomberg, trailing only the #Argentine peso and the #Turkish lira, highlighting persistent pressure on the exchange rate amid ongoing debt restructuring efforts.
According to Bloomberg, the birr depreciated by more than 15 percent against the US dollar in 2025, making it one of the world’s worst-performing currencies this year.
The report said the outlook for the birr remains closely tied to Ethiopia’s progress in restructuring its external debt, a key factor for restoring investor confidence and stabilizing the currency.
“Our view is one of gradual further depreciation, but slower than the recent spike,” Giulia Filocca, an analyst at S&P Global, told Bloomberg, pointing to debt restructuring progress as a critical benchmark for attracting investment and supporting the birr.
In an October 2025 report, Addis Standard, citing data from https://t.co/bFpgmeLZpm, reported that the Ethiopian birr (ETB) was ranked among the weakest currencies in Africa in 2025, reflecting persistent economic pressures linked to high inflation, political instability, and foreign exchange shortages.
Read more: https://t.co/KyaryZsNH8
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