Birr

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Birr

The currency of Ethiopia. It was introduced in 1945, replacing the East African shilling, though an earlier birr had been the currency prior to the East African campaign and the Italian occupation of Ethiopia. It is noted for its high rate of inflation, estimated at over 11% in 2005 and 41% in 2008. Interestingly, the official translation of the birr was "dollar" until 1976, when "birr" became the appropriate word in both Amharic and English.
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References in periodicals archive ?
Compared with current costs for contraceptive, maternal, newborn and postabortion care, meeting half of the need for modern contraceptives would result in a net savings of $16 million (148 million Ethiopian birr).
The regional government of Amhara invested 120m Ethiopian birr ($6.87m) when it took the Lapidary Project on board - mainly to buy machinery and provide the training to set up workshops.
Eritrea has taken an important step towards securing autonomy in monetary policy with the issue of its own currency, the nakfa, to replace the Ethiopian birr. At issue, in November 1997, it was at parity with the birr, remaining so in the first quarter of 1998.
We have no say in monetary policies because of the union with the Ethiopian Birr. With our own currency due however, we can have an independent policy.

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