Impact of currency Changing Ethiopia [Short-run and Long-run]
Impact of currency Change Ethiopia [Short-run and Long-run] By Amare Alemu September 14, 2020 Impact of Currency changing in Ethiopia It was evident that Ethiopia has entered the arena of political reform. The reform will be assumed to have a positive impact on the social, political, and economic development of the country. This paper will see the currency change endeavor as one of the fruits of the reform that is announced recently by the government. The report will address questions like what are the short-run impacts of this effort? What are the long-run consequences? What will be the conclusion out of it? Corruption, inflation, job creation, increase purchasing power, 1. Social Impact 1.1 Corruption When governments change their currencies, they will give them strength. It will lower the possibility of corruption (Onyango, 2019). The author discussed it further: Chan...