Search results
Results from the WOW.Com Content Network
NBE announced the birr would be devalued by 30% against the US dollar to promote a market-based foreign exchange system amidst the country's foreign exchange crisis. Many Ethiopians were concerned that the policy would increase the cost of living and exacerbate inflation. [2]
The birr was reintroduced on 23 July 1945 at a rate of 1 birr per 2 shillings. It was pegged to the U.S. dollar at a central rate of 1 birr = US$0.4025, or 2.48447 birr = US$1. On 31 December 1963, this was slightly changed to 2.50 birr = US$1. The name Ethiopian dollar was used in the English text on the
A black market in Shinbashi in 1946 Illegal street traders in Barcelona in 2015. A black market [a] is a clandestine market or series of transactions that has some aspect of illegality, or is not compliant with an institutional set of rules. If the rule defines the set of goods and services whose production and distribution are prohibited or ...
On the streets of Buenos Aires, money changers known as "arbolitos" or "little trees" are taking advantage of Argentina's capital controls to take a slice of a booming black market trade in U.S ...
But the rise of technology has led to an evolved "black market" -- and rather than exotic animals and tangible exports, data like credit card information and even streaming accounts are up for grabs.
The Ethiopian government is stepping up its efforts to attract foreign investors, particularly in the textile sector. They can now import their machines without customs duties, benefit from a tax exemption for ten years, pay rents much lower than market prices, and use very inexpensive water and electricity. Major brands have established ...
The nakfa is pegged to the US dollar at a fixed rate of US$1 = ERN 15. At earlier times, [when?] it was officially pegged at US$1 = ERN 13.50. The currency is not fully convertible, so black market rates available on the streets typically offered a rate of 15 nakfas per dollar. [2] [needs update]
Perhaps it makes sense that despite a stock market nearing a record, other matters are occupying more of Trump's social media time. The US budget deficit swelled to $1.83 trillion in fiscal year ...