{"id":30367,"date":"2024-07-31T23:38:04","date_gmt":"2024-07-31T23:38:04","guid":{"rendered":"https:\/\/www.africa-press.net\/ethiopia\/all-news\/ethiopia-lets-currency-go-into-freefall-to-get-imf-loan"},"modified":"2024-07-31T23:44:28","modified_gmt":"2024-07-31T23:44:28","slug":"ethiopia-lets-currency-go-into-freefall-to-get-imf-loan","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ethiopia\/all-news\/ethiopia-lets-currency-go-into-freefall-to-get-imf-loan","title":{"rendered":"Ethiopia Lets Currency Go into Freefall to get IMF Loan"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Ethiopia. <\/strong><\/span>Ethiopia has secured a $3,4 Billion loan from the International Monetary Fund. But the loan came only after Ethiopia agreed to end its fixed currency exchange rate. The Ethiopian Birr lost 30% of its value on July 30. The currencies devaluation could lead to inflation because imports will get more expensive. Will Ethiopia become the next country to face protests because of the IMF&#8217;s actions?<\/p>\n<p><iframe loading=\"lazy\" title=\"Ethiopia lets Currency go into Freefall to get IMF Loan | Vantage with Palki Sharma\" width=\"696\" height=\"392\" src=\"https:\/\/www.youtube.com\/embed\/MS3jDI4qqIk?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><strong>For More News And Analysis About Ethiopia Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Ethiopia. Ethiopia has secured a $3,4 Billion loan from the International Monetary Fund. But the loan came only after Ethiopia agreed to end its fixed currency exchange rate. The Ethiopian Birr lost 30% of its value on July 30. The currencies devaluation could lead to inflation because imports will get more expensive. Will [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":30365,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,18],"tags":[235],"class_list":["post-30367","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-video","tag-ethiopia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Ethiopia Lets Currency Go into Freefall to get IMF Loan - Ethiopia<\/title>\n<meta name=\"description\" content=\"Ethiopia has secured a $3,4 Billion loan from the International Monetary Fund. 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