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What will be Ethiopia's GDP growth rate in the first year after floating the birr?
2
Resolution / Starting Odds
Less than 3% • 25%
3-5% • 25%
5-7% • 25%
More than 7% • 25%
GDP data from the Ethiopian Central Statistics Agency and reports from major financial news outlets
Story
Ethiopia to Float Birr in Major Economic Reform
Jul 28, 2024, 05:04 PM
Ethiopia has announced a significant shift in its economic policy by introducing a market-based foreign exchange regime. Prime Minister Abiy Ahmed stated that the country plans to float its currency, the birr, as part of a comprehensive macroeconomic reform policy. This reform includes adopting a free-floating currency and shifting to an interest rate-based monetary policy framework. The move is seen as a critical step towards modernizing Ethiopia's economy and aligning it with global financial systems.
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3-5% • 25%
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Below 70 Birr/USD • 25%
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