Glad you asked- using everyday language not economist jargon- overvaluation is central bank "pretending" the local currency buys more foreign currency than it really should through forex control regulations, which make imports cheaper in short term but also creates long term pain and distortions. floating comes with short-term pain such as higher inflation from costlier imports but long-term gain including better export competitiveness, reduced parallel market gap and more forex inflows. Of course this should be seen with over domestic production capacity - import substitute and value added export etc.

🚨 Regional security forces known as “Ripe Lola” sent to stop the attack in Asko Woreda reportedly blocked civilian aid from entering the area @MeseretMedia – June 2, 2026 New information emerging following the large-scale attacks against followers of the Orthodox faith and churches in Asko Woreda of East Arsi Zone, Oromia Region, indicates that government security forces who arrived in the area did not act to stop the attacks. Instead, they reportedly remained away from the conflict zone and prevented assistance from reaching the affected communities. A regional government source told Meseret Media that, following public pressure generated through media coverage, the woreda administration deployed nearly one hundred security personnel known as “Ripe Lola” to the area. “These forces remained at neighboring locations called Arba Qela and Burbuch, about 25 kilometers away from the attack zone. Together with woreda cadres, they slaughtered cattle and stayed there until around one o’clock in the evening without carrying out any military activity,” said the source, who requested anonymity. The source further stated that members of the Christian community who came from nearby highland areas to assist civilians were prevented from passing by these security forces. Because the forces were reportedly better armed, they were able to physically block the roads and stop aid from reaching the victims. This has created significant concern and suspicion among local residents. The attack, which began the previous day in Asko Woreda and was carried out in an organized manner, has so far reportedly claimed the lives of 49 people. There are also fears for more than 280 civilians whose whereabouts remain unknown, raising concerns that many may have been killed. The attackers were identified as Shene militants. Although similar attacks had reportedly been carried out more than seven times previously in the Teleta Gebriel area, what distinguishes the current assault is that the militants allegedly gathered from Merti Woreda, Fentale, Karrayyu, and Itu areas, forming a force estimated at nearly 3,000 fighters before launching a large-scale offensive against Asko Woreda and surrounding areas. As a result, Bio Kebele, Teleta Gebriel, Kufte, Medhanealem, and nearby localities have reportedly been completely devastated. The attacks have since expanded into Erecha Mikael, Sunte Maryam, Lencha Oda, Kwas Dire, Arba Qela, and Woranbus areas. Residents, speaking with great alarm, stated that the militants have completely encircled the area and are carrying out massacres while preventing people from escaping.

Since Abiy came to power, the birr has lost 460% of its value. After the election it will fall further. 10–12 million salaried workers feel the impact. The attached data shows a 70% collapse in real income.

🚨Breaking : Door to door massacre of Amhara civilians in Awra Godana town of Amhara region by Oromia Special Forces: Context: Awra Godana, is located in Amhara region close to the borders of Oromia and Afar, a few kilometers from the Ethio-Djibouti railway. The Oromia government has been trying to annex this strategically located town into Oromia. Last year they sent their special forces to attack the town disguised as militia, even killing a dozen federal police. They got routed by the local Amhara militia, losing at least 26 of their fighters. The incident even got international media attention. The Oromia government claimed Fano invaded Oromia, they even had the @cgtnafrica reporter @GirumChala, who has business links to Oromia PP, report on @CGTN that it was Amharas who invaded Oromia. It’s important to know that the Oromia Special Forces were never disband in April, only the Amhara Special Forces. What happened yesterday and today: Since ENDF is losing ground in most parts of Amhara, the Oromia government wants to annex this town to take over the Ethio-Djibouti route. There was no Fano presence in the town so ENDF encircled the town yesterday to prevent the locals from getting any Fano reinforcements. This was followed by an attack on the town by Oromia Special Forces (OSF), the locals were able to defend themselves with high casualties for OSF. Amhara Civilians strong enough to run fled the town. Today the Oromia government sent more OSF reinforcements backed by ENDF artillery support. The locals fought until they ran out of Ammo. Fano couldn’t make it to the town due to ENDFs blockade. This is when Oromia Special Forces started going door to door and killing any Amhara civilians they could find. They brought Oromo youth from the neighboring Oromia region towns to loot as many properties as possible. The looting and killing is still going on. I have transcribed and translated a brief interview journalists @mamamesay and Dereje did with survivors: Journalist: The town of Awra Godana, in Minjar Wereda of Amhara region is under the full invasion and occupation of the Oromia Special Forces (OSF), there is door to door killing and looting. The residents of the town are fleeing for their lives. Those who couldn’t flee are in dire situations. Witness: Houses are burning, people have fled the town. The town is fully controlled by Oromia Special forces. What’s shocking is the level of looting, people (from the bordering Oromia towns) are looting everything, the Oromia Special forces are loading trucks full of peoples properties, every house has been looted by OSF. And ENDF is behind them overseeing it, the forest is full of people (Oromos from Kireyu) running with looted properties. We have several pictures and videos of these incidents, I’ve never seen anything like this in my life. They’re destroying the entire town. Residents of Awra Godana, those who can have all fled to the forests. The town is being completely destroyed. Journalist: It’s being reported that the ones killing people door to door are Oromo Special Forces. Witness: There’s a lot of them (OSF), they control most of the higher positions. They’ve taken over the entire city, there’s still people looting right now. The entire forest is full of people (Oromos from neighboring region) running away with looted properties. Even the OSF loading peoples belongings with trucks and taking them to Oromia. We think they’ve incited Oromos from neighboring towns to come loot because they’re everywhere. I’ve never seen this type of cruelty in my life, we are devastated. #AmharaGenocide #WarOnAmhara #Ethiopia @AJEnglish @BBCWorld @Reuters @UNHumanRights @EthioHRC @hrw @amnesty

By the way, Teddy’s 2005 album Ja Yasteseryal was strikingly free of “us vs them” rhetoric. That was at the peak of TPLF's rule. No mention of "Them" as in Tigrayan rule. Rather it leaned into unity. Love wins. Honestly, speaking, even if I don't buy his obsession with the old imperial government, the reconciliation and love he preached in that album is commendable. We need it more than ever. Now, the problem is as the political climate shifted, especially as Oromo demands for equitable representation became louder, Teddy's tone shifted with it. He began echoing the very “us vs them” framing he once resisted. But this time "Them" are the Oromos. He used the same narrative he said he was against. No more unity now. It's just you either accept my terms or I'll die. That’s sad. Teddy could have done better. He failed the test at last.

With the heaviest of hearts, today we mourn the passing of Sudanese writer, thinker, and advocate @MuzanAlneel. Muzan, who was one of our 2021-2022 nonresident fellows, leaves behind an incredible legacy of policy ideas and impact that consistently centered the Sudanese people.

#ዜናመሠረት የኦሮሚያ ክልል መደበኛ እና የአድማ ብተና ፖሊስ ሰራዊት በአዲስ አበባ ውስጥ የሚሰማሩበትን ሕግ ምክር ቤቱ አጸደቀ ፓርላው ዛሬ ያፀደቀው ህግ የኦሮሚያ ክልል ፍርድ ቤቶች በአዲስ አበባ ከተማ አስተዳደር ውስጥ የዳኝነት ስልጣን እንዲኖራቸው የሚያደርግም ነው ተብሏል ተጨማሪ ያንብቡ: meseretmedia.org/p/1b5 በ30% ቅናሽ የፕሪሚየም አባል ለመሆን ሊንኩን ይከተሉ: meseretmedia.substack.com/30…