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What Ethiopia floating its currency means.
Published 1 year, 5 months ago
Description
Ethiopia became the third African economy in 3 years to default on its government debt. To get IMF's fiscal support, it has had to lower the worth of its currency, making the Birr fall by 30% against the US dollar.
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Presenter: Audrey Brown Producers: Charles Gitonga in Nairobi. Patricia Whitehorne, Sunita Nahar and Yvette Twagiramariya in London. Technical Producer: Jack Graysmark Senior Producer: Paul Bakibinga Editors: Andre Lombard and Alice Muthengi