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The New Wave of Currency Devaluations in Africa – Will the Devalued Birr Help the Coffee Exports?
Hungarian Journal of African Studies / Afrika Tanulmányok
Despite the fact that currency devaluations are likely to have a negative effect on the economy in the long run, Ethiopia devalued its national currency, the birr (ETB), by 15 percent in 2017. They turned to this option in the hope of attracting more investments from abroad, decreasing import bills, improving the current account deficit and giving a boost to the exports of the coffee sector. A couple of months later, the impact seems to be promising because the export has been revived in somedoi:10.15170/at.2018.12.4.7 fatcat:mc7nhfwukjc33jurolto5jfda4