"The creator brought her, the creator took her away" Ephraim Tamru

"The creator brought her, the creator took her away" Ephraim Tamru .

This is the story of the current market of Ethiopia. 

"The cycle of inflation continues, will continue." Listen to me

#Ethiopia Following the announcement of the increase in the retail price of fuel products yesterday, Mushe Samu shared his thoughts on his social media page.

Mr. Mushe said that the increase in oil prices was not due to an increase in the international level. The reason was the weakening of the purchasing power of silver. He added that such a process, which he described as a "cycle", has no end.

The full text of Moshe Semu appears below.

"The price of petrol has increased by more than 10 birr. As has been repeatedly stated, the cycle of price inflation has continued and will continue."

According to the assessment of international conditions presented by the Monetary Policy Committee on December 22, 2017, on page 2, global oil prices have decreased by 15%. The balance of foreign payments also improved due to the increase in the price of coffee and gold. 

The report also made it clear that the increase in oil prices is not due to the increase in oil prices at the international level and the weakening of the government's balance of payments. 

This means that the reason for the increase in oil prices is the weakening of the purchasing power of silver, and not because of the increase in international oil prices. The process is self-explanatory that such a vortex is not stable. 

When the purchasing power of silver weakens, it is necessary to create more silver that was not in the economy. When a lot of money that is not created due to production and productivity is confronted with a small amount of production, it is inevitable that price inflation will follow.

Inflation weakens the purchasing power of money. A weakening of the purchasing power of silver weakens the strength of foreign exchange. A weakening of the foreign exchange will also lead to a rise in prices. Following the depreciation of the foreign currency, the purchasing power of silver weakens. 

A weakening of the purchasing power of silver leads to inflation, inflation leads to more demand for silver, more demand for silver leads to more silver being created, an overabundance of silver leads to inflation and inflation. The cycle continues."

As announced by the Ministry of Trade and Regional Cooperation, the retail price of fuel products that will be implemented in Addis Ababa city from yesterday, December 29, 2017, at 12:00 PM has been decided.

Accordingly:

➡ One liter of gasoline 101.47 Birr, 

➡ One liter of diesel is 98.98 Birr. 

➡ One liter of kerosene is 98.98 Birr. 

➡ Airplane fuel 109.56 Birr,

➡ One liter of heavy black diesel is 105.97 Birr 

➡ It is known that one liter of light black diesel will be sold at 108.30 Birr.