A pill made in Ethiopia can still be a dollar purchase.
With manufacturers importing up to 98% of their inputs, the Birr’s fall from 57.5 to 163 per dollar has pushed up production costs, forced medicine makers to cut product lines and added to consumer prices.
The currency float has eased access to dollars and cleared the backlog of trapped dividends.
But two years on, the costs are still filtering through the economy, from corporate losses to household budgets.
Full analysis and data dashboards.
https://shega.co/news/the-price-of-the-floating-birr
With manufacturers importing up to 98% of their inputs, the Birr’s fall from 57.5 to 163 per dollar has pushed up production costs, forced medicine makers to cut product lines and added to consumer prices.
The currency float has eased access to dollars and cleared the backlog of trapped dividends.
But two years on, the costs are still filtering through the economy, from corporate losses to household budgets.
Full analysis and data dashboards.
https://shega.co/news/the-price-of-the-floating-birr