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BBCSwinney defends food prices policy ahead of first minister vote·Economic TimesIndia fuel price hike among world's lowest: BJP·SCMPSome Asian airlines could collapse like Spirit without help on rising fuel costs·SCMPTexans accuse Japan of doing ‘deal with the devil’ by funding US fossil fuel projects·SCMPHong Kong property upswing poised to hold despite interest rates risk: Moody’s·SCMPCuba warns of ‘bloodbath’ if US attacks as Washington expands sanctions·NYTOil Prices Climb and Bonds Falter as Iran War Raises Inflation Fears·SCMPUS extends Russian oil waiver by 30 days as Hormuz closure chokes supply·BBCSwinney defends food prices policy ahead of first minister vote·Economic TimesIndia fuel price hike among world's lowest: BJP·SCMPSome Asian airlines could collapse like Spirit without help on rising fuel costs·SCMPTexans accuse Japan of doing ‘deal with the devil’ by funding US fossil fuel projects·SCMPHong Kong property upswing poised to hold despite interest rates risk: Moody’s·SCMPCuba warns of ‘bloodbath’ if US attacks as Washington expands sanctions·NYTOil Prices Climb and Bonds Falter as Iran War Raises Inflation Fears·SCMPUS extends Russian oil waiver by 30 days as Hormuz closure chokes supply·
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ETB

Ethiopian Birr

ETB · Ethiopia

49
Moderate
Risk
Historical Scores
465563Jul 2021Jul 2023May 2026
What does this mean for you?

The Ethiopian Birr is in decent shape overall, scoring 49 out of 100. There are some areas to watch, but no immediate danger. Your money is holding its value reasonably well compared to most currencies.

Your savings need 22.5%/yr returns to not lose value. ETB100 today → ETB83 next year. Calculator ↓

Inflation
21.0%
Debt / GDP
31.4%
GDP Growth
7.6%
FX Volatility
39.4
Governance
-0.7
Reserves
1.8 mo
Analysis
What's working well
Government debt is low — less pressure to print money
Economy is growing healthily
What to watch out for
Restrictions on moving your money out of the country
The official exchange rate doesn't match what people actually pay (25% gap)
Prices rising fast (21.0% per year) — your savings lose value quickly
Full Ethiopia analysis →

Savings Impact Calculator

ETB
Holding cash in ETB21.0% inflation
ETB 385−ETB 615 (62% purchasing power lost)
Your ETB 1,000 buys 62% less in 5 years
What if you invested ETB 1,000 instead? (5yr, in ETB terms)
USD-denominated assets gain an additional ~18.0%/yr from expected ETB depreciation vs USD
Hold USD Cash
ETB 2015
+ETB 1015
+15.0%/yr net in ETB
S&P 500
ETB 3441
+ETB 2441
range: ETB 1765–ETB 6200
10% USD return + 18.0% FX · ±16% vol
Gold
ETB 3181
+ETB 2181
range: ETB 1106–ETB 7603
8% USD return + 18.0% FX · ±24% vol
Bitcoin
ETB 5988
+ETB 4988
range: ETB 560–ETB 29.7k
25% USD return + 18.0% FX · ±54% vol

All values in ETB. USD-denominated assets (S&P 500, Gold, Bitcoin) include an estimated FX gain of ~18.0%/yr based on the inflation differential between Ethiopia (21.0%) and the US (~3%). This uses purchasing power parity as a long-run approximation — actual FX movements can differ significantly in the short term. S&P 500 based on 1957-2024, Gold on 2000-2024, Bitcoin on 2015-2024. Past performance does not guarantee future results. Not financial advice.

Holding other assets too? Calculate your full portfolio risk →
This score is based on our 12-factor risk model. Think inflation or debt should matter more? Build your own model with custom weights and see how ETB ranks differently.
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