Glossary

Float

Gabaatti gadi dhiisuu

Letting the market, not the state, set the exchange rate.

Gatiin jijjiirraa mootummaan osoo hin taane gabaan murtaa'uu.

The birr was floated on 29 July 2024.

Adoolessa 29, 2024 birriin gabaatti gadi dhiifame.

In Ethiopia

The float came with an IMF programme and moved the official rate close to the parallel-market price. In the months that followed the birr lost more than half its value against the dollar, which pushed up prices.

Gadi dhiisuun kun sagantaa IMF waliin dhufe; reetii jijjiirraa sharafaa seeraa gatii gabaa cinaatti dhiheesse. Ji'oota itti aananitti birriin doolaara waliin gatii isaa walakkaa ol dhabe; kunis gatii meeshaalee ol kaase.