Mereja Forum

[Abdisa]

We are doomed!

[Fiyameta]

[Fiyameta]

[Fiyameta]

[Fiyameta]

[Fiyameta]

As of today, $1 USD = 122 Birr. (Up by 2 Birr since last week.)

https://www.xe.com/currencyconverter/co ... USD&To=ETB

** To cope with the high cost of living in Ethiopia as a result of the IMF-imposed currency depreciation and devaluation of the Birr, the government is using media propaganda to force the Ethiopian people shift their attention to self-reliant Eritrea, Somalia and Egypt hoping to numb their pain. ** (The East African Economist)

[Fiyameta]

When TPLF thieves came to power in Ethiopia in 1991, the USD to Birr exchange rate was $1 = 2 Birr.

When the professional thieves from Tigray started borrowing billions of dollars from international banking cartels to enrich themselves, a currency crisis occurred in Ethiopia that brought a sharp decline in Birr's value relative to USD, a trend that would continue for the next 27 years.

During the 27 years the thieves were in power in Ethiopia, they had borrowed over $40 billion dollars, some of which they used to bribe Western government officials, major media propagandists, Washington image cleaners, lobbyists, etc..., and some they stashed in their off-shore bank accounts in anticipation of an overthrow. The Ethiopian people were left carrying the high burden of debt.

Since 2018, Abiy Ahmed has borrowed over $28 billion dollars to fund his pet projects in the few blocks he controls in the capital, while the country's economy goes from bad to worse.

In summery: Ethiopian leaders buy things they don't need, with money they don't have, to oppress people they don't like.

[Fiyameta]

As of today,

$1 USD = 123.19 Birr.

$1 USD = 15 Eritrean Nakfa

https://www.xe.com/currencyconverter/co ... USD&To=ETB
https://www.xe.com/currencyconverter/co ... USD&To=ERN

[Fiyameta]

[Fiyameta]

Three days ago, $1 USD = 123.19 Birr.

Today, $1 USD = 126.15 Birr

1 Eritrean Nakfa = 9.17 Ethiopian Birr

[Fiyameta]

The sick man of Africa.

[Fiyameta]

3000 years ago, $3000 USD = 1 Birr

In 1991, $1 USD = 2 Birr

In 2024, $1 USD = 126 Birr

[Fiyameta]

[Fiyameta]

[Fiyameta]

Weak currency = Weak economy

A country's currency strength is an economic indicator that reflects the value of its currency and its overall economic health. It's a measure of how much a country's currency can purchase in terms of goods and services, and how much foreign currency it can receive in exchange.

[Fiyameta]

127.82, almost 128 today.

[Abdisa]

It's getting way of out of control. Even Zimbabweans are laughing at us.

[Fiyameta]

For the low IQ imbeciles, a country is a few blocks in the city center adorned with high-rise buildings, -- a mini‐empire built largely on borrowed money with loans often obtained from international loan sharks, while the rest of the country is poor and destitute, and left to carry the burden of the debt.

[Fiyameta]

[Meleket]

በተያያዘ ዜና፡ ይህን ሓቀኛ ዘገባ እስቲ ኮምኩሙ!

Is the inflation in Russia so high due to the fact that the ruble currency has collapsed?
Elena Gold



A man is carrying a bag of money to a bank to exchange it to US dollars — that’s the future that Russian people can look forward to.

Syrian dictator Assad ran away to Putin in Russia, leaving his country in economic ruins: the exchange rate is 13,000 Syrian pounds for USD $1.

Inflation in Syria has reached record levels — the national currency is devalued to a level, where a monthly income is enough to buy mere 20 liters of gasoline or 10 loaves of bread.

To avoid losing their savings, people are trying to convert their cash into foreign currency, mainly US dollar and euro.





People bring plastic bags packed with Syrian cash to the banks, hoping to exchange them to real money.

The Russian ruble isn’t on that level just yet — the current exchange rate is just over 100 rub. for USD $1.


On Nov.28, 3 weeks ago, the exchange rate jumped to 115 rub. to $1.

A year ago, it was 90 ruble for $1.

While ruble is far from “collapsing”, the inflation during the same period was reportedly around 30% — but officially, it’s only 9.3%.

The statistical trick allows Russian economists claim that Russia’s economy is on the rise: if the monetary value of goods is only adjusted by 9%, it looks like Russia’s GDP increased — but if it had to be adjusted for inflation by 30%, then it would show a sharp drop.

Today, the Russian central bank is expected to further raise the base interest rate, which is currently at 21%.

By keeping the interest rate high, the government encourages Russians to keep the money in the banks — if you can earn 28% by simply keeping cash in the bank, why bother with any other business ventures.

• In August 2024, the central bank reported that Russians had 50.4 trillion ruble in the banks.
• In November 2024, the amount more than doubled and reached 116 trillion rub.

By keeping the interest rate high, the central bank removes excessive cash from the circulation, and reduces the inflation pressure — because there are simply not enough goods produced for people to buy, it would otherwise result in a massive price hike.

The money comes into the hands of the Russian citizens from the war: huge payments to the military, enormously high wages to workers of weapon-manufacturing plants, high wages to other defence-linked industries (manufacturing, logistics).

But the non-military production and import keep dropping. At the same time, all the weapons produced are immediately blown to smithereens in Ukraine — exports of Russian weapons are at record lows.

It’s only a matter of time when this Ponzi scheme collapses — and Russians are going to lose their bank deposits for sure.

Only those smart enough — who pull their money from banks now and somehow manage to convert the rubles to hard currency or purchase an asset of value — might be able to avoid losing their cash.

The Russian state won’t let citizens get out of it with a profit.

Russians are tempted to support Putin’s war by the state showing them a cash carrot, but they’ll never be given a chance to get out of poverty at Putin’s expense.

The Russian state is like a casino.
The house always wins.