Macroeconomic analyst and researcher Professor Alemayehu Geda claims that the amount of wealth purported to have left the country in the previous 10 years is 10 times more than it was 44 years ago. The lecturer, Alemayehu Geda, claimed to have fled the country.
According to recent estimates, more foreign currency has been printed in the last ten years than in the 44 before. howing. tossing thes ing thes ing thes ing. ing ing inging.
The sudden increase in riches is said to be very frightening. Several sources claim that the main causes of this capital flight or money movement are a lack of security in the country and lax government regulation.
The researcher told us that in order to stop the government from continuing to lose billions of dollars, problems must be found and holes must be filled. It was also believed that strengthening mining regions based on the dollar trade system, emphasising Kela oversight, and strict legislation and monitoring are required.
The post Capital flight has cost Ethiopia 44 billion USD over the last ten years appeared first on Fidel Post.
Source: Link to the Post
