Nakfa slips to economic coma
Amid unprecedented inflation in an ever-weakening economy, Nakfa, the Eritrean currency which the President of Eritrea wanted to set its exchange rate as equal to the Ethiopian Birr 11 years ago, is now slipping to an economic coma, matching US dollars at a rate of one to forty-four.
Amid unprecedented inflation in an ever-weakening economy, Nakfa, the Eritrean currency which the President of Eritrea wanted to set its exchange rate as equal to the Ethiopian Birr 11 years ago, is now slipping to an economic coma, matching US dollars at a rate of one to forty-four.
