Ethiopia Introducing New Currency
Nov 30, 2020
2 minutes
RICHARD GIEDROYC
Is it wise to turn on the printing presses to buy your way out of a budget deficit? Likely not, but when banks are experiencing a liquidity problem, counterfeiting, a coronavirus pandemic impacting the economy, and you are seeking to flush cash into the open that has been hoarded, this may be your best option.
Ethiopia has rolled the dice, issuing a new
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