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.
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).
Contract Awarded To Ethiopian Birr Road Construction Project
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.
The Amhara Saving and Credit Enterprise (ASCE) has announced that it is working to distribute more than 5.8 billion Ethiopian birr loan to recipients in the current Ethiopian financial year.
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.
The survey is calculated to cost about 1,363,205 million USD which is about 24,537,690 million Ethiopian Birr. The survey has received technical and financial support from Children Investment Fung Foundation, CIFF.
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.
The Ministry said the installation is included in the yearlong program which was launched last December at a cost of 208.8 million Ethiopian birr received from World Bank.
The Ministry told to Ethiopian News Agency that the installation is part of the yearlong project which was launched in December 2012 at a cost of 208.8 million Ethiopian birr secured from World Bank.
Development Bank of Ethiopia has attained a net income of 491 million Ethiopian birr in the 2011/12 fiscal year.
Optic fiber cable manufacturing plant put up at a cost of 2.7 billion Ethiopian birr is planned to go operational in September this year.

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