Artist Tigist Girma talks about her marriage

Famous artist Tigist Girma, the one who we know from Zemen drama, said she has been separated from her current husband for more than six months. But they are now back together. May the Almighty help them through and through in their rough times and bless them.

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Gold and coffee producing areas are almost identical. Welega and Guji also produce gold and coffee.

So if there is a production disruption due to security, both will be affected equally.

1 Three years ago, the government for the first time increased the purchase price of gold supplied to the National Bank by 29% from the market price. The supply of gold to the National Bank increased dramatically. Ethiopia also exported gold in an unprecedented way and earned many dollars.

This is not because gold production has increased. The producer was incentivized to sell the gold instead of smuggling it to the government.

what about today

Three years ago, seven to ten kilograms of gold was received by the National Bank every day, but today it is less than one kilogram in grams.

Where is the other going?

It is smuggled out and neighboring countries are enjoying it.

What is the government doing to control smuggling?

 He also arrested the producers who produced gold and did not supply it. He also arrested the leaders in the gold producing area. But it didn't change much.

Now the question is where did the 29% increase come from?

It is silver that has been deducted from another sector or entered the market as a new one. There is no other story.

The main thing is that the Ethiopian government exchanged gold for dollars.

This is what it means to print silver and get dollars.

2 Three years ago, coffee was sold at the world market price on the basis of ECX. The farmer's pocket money was less than twenty birr per kilo.

The farmer was not happy. Therefore, mostly coffee was being smuggled to neighboring countries and used to be a source of foreign exchange for neighboring countries.

But now the states have deviated. They rebelled against the EXC saying that the money being sold to the farmer is not enough.

The amount of birr delivered to the farmer increased from 20 birr to 70 birr per kilo. It means an increase of 50 Birr per kilo.

The farmer harvests his produce for the central market.

Ethiopia also earned $1.4 from coffee for the first time.

It is 700 million dollars more than in previous years. This is not a miracle but because the manufacturer got an incentive.

Where did the money come from?

It is collected in the form of taxes from other sectors or deducted or printed from other stakeholders.

The important thing is that Ethiopia prints silver and receives dollars through coffee.

Now the question is whether we will continue to be the godfathers while others are shining in Ethiopia's gold, or we will make adjustments and become rich in our own gold.

The increase in production and price rise in the world market contribute to the above points. But that's not the point. It is the main incentive.

By Dereje Gerefa Tulu