Seid Hassan

Introduction

This commentary is our fourth installment on the Grand Ethiopian Renaissance Dam (GERD).

INTRODUCTION

Admittedly, in all countries of the world, Ethiopia included, the reasons behind rising property prices could be many.

Hitherto, I have been reluctant to post a commentary regarding the World Bank’s suggested birr devaluation measure which is still being debated as we speak.

On 1 September 2010, the Central Bank of Ethiopia announced a devaluation of the birr by 20 per cent.[1] With this devaluation measure, the value of the birr has declined by at least 45 per cent since 2008.