I have money, but I cannot use it
- January 14, 2011
- Mesfin Fikre Woldmariam, UCI IMTFI researcher, is featured in Addis Fortune January 9, 2011
From Addis Fortune:
Sometimes, what we take for granted is not what we think it is. Take, for instance, the issue of foreign currency in coin form. The value of a paper dollar bill could be equal to the value of 100 dollar cents. Is the value of paper money different from that of its equivalent in coins? That is not the case in Ethiopia. I recently exchanged Birr for foreign currency, paying 16.32 Br for one dollar, for a trip to the US. Upon my return, I had a lot of cents (in euros and dollars) left over, and wanted to convert them into Birr to be able to use it.
For the full story, please visit www.addisfortune.com/letters-I%20have%20Money,%20but%20I%20Cannot%20Use%....