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<!DOCTYPE html> <HTML lang="en"> <HEAD> <TITLE>Monetary developments and decolonization in Ethiopia</TITLE> <meta charset="utf-8"> <meta http-equiv="X-UA-Compatible" content="IE=edge"> <meta name="viewport" content="width=device-width, initial-scale=1.0"> <link rel="stylesheet" href="https://maxcdn.bootstrapcdn.com/bootstrap/4.0.0/css/bootstrap.min.css" integrity="sha384-Gn5384xqQ1aoWXA+058RXPxPg6fy4IWvTNh0E263XmFcJlSAwiGgFAW/dAiS6JXm" crossorigin="anonymous"> <link rel="stylesheet" href="/css/font-awesome.min.css">   <link href="/css/normalnew.css" rel="stylesheet" type="text/css"/> <link href="/css/pushy.css" rel="stylesheet" type="text/css"/> <link rel="icon" type="image.jpg" href="/favicon.ico">  <script type='text/javascript'> var captchaContainer = null; var loadCaptcha = function() { captchaContainer = grecaptcha.render('captcha_container', { 'sitekey' : '6LdQebIaAAAAACSKxvbloyrkQ_q-MqhOAGgD5PQV', 'callback' : function(response) { console.log(response); } }); }; </script> <META NAME="handle" CONTENT="RePEc:mil:wpdepa:2010-15"><META NAME="description" CONTENT="Downloadable! The article analyses the reorganization process of the monetary setting in Ethiopia started in 1941 along with decolonization, when the Italian colonial rule came to an end. The country regained independence and the former Ethiopian empire was restored. The monetary reform in Ethiopia after liberation during World War II was a necessary measure to be adopted. Different paths however could have been followed at that moment by the Ethiopian government. The crucial choice made in money matter was to re-establish a national monetary unit instead of keeping the country inside the East African shilling area, as it was envisaged in British designs for the post-war setting of the Horn of Africa. The Ethiopian project unpredictably prevailed at the end of a weary negotiation, thanks chiefly to American support in the framework of a new role gained by the United States in this area. The Ethiopian Authorities were, as a consequence, enabled to free themselves from dependence on Great Britain and this event marked a crucial step in the advancement of the decolonisation proce"> <META NAME="keywords" CONTENT="Ethiopia; History of Money in Africa; Monetary Reform"> <META NAME="jel_code" CONTENT="E42; G21; N27"> <META NAME="author" CONTENT="Arnaldo MAURI"> <META NAME="author_shortid" CONTENT="pma382"> <META NAME="title" CONTENT="Monetary developments and decolonization in Ethiopia"> <META NAME="download" CONTENT="1"> <META NAME="freedownload" CONTENT="1"> <META NAME="date" CONTENT="2010-02-02"> <META NAME="citation_publication_date" CONTENT="2010/05/26"> <META NAME="citation_authors" content="Arnaldo MAURI"> <META NAME="citation_title" content="Monetary developments and decolonization in Ethiopia"> <META NAME="citation_abstract" content="The article analyses the reorganization process of the monetary setting in Ethiopia started in 1941 along with decolonization, when the Italian colonial rule came to an end. The country regained independence and the former Ethiopian empire was restored. The monetary reform in Ethiopia after liberation during World War II was a necessary measure to be adopted. Different paths however could have been followed at that moment by the Ethiopian government. The crucial choice made in money matter was to re-establish a national monetary unit instead of keeping the country inside the East African shilling area, as it was envisaged in British designs for the post-war setting of the Horn of Africa. The Ethiopian project unpredictably prevailed at the end of a weary negotiation, thanks chiefly to American support in the framework of a new role gained by the United States in this area. The Ethiopian Authorities were, as a consequence, enabled to free themselves from dependence on Great Britain and this event marked a crucial step in the advancement of the decolonisation proce"> <META NAME="citation_publisher" content="Department of Economics, Management and Quantitative Methods at Universit脿 degli Studi di Milano"> <META NAME="citation_journal_title" content="Departmental Working Papers"> <META NAME="citation_keywords" content="Ethiopia; History of Money in Africa; Monetary Reform"> <META NAME="citation_abstract_html_url" content="https://ideas.repec.org/p/mil/wpdepa/2010-15.html"> <META NAME="citation_abstract_pdf_url" content="https://ideas.repec.org/p/mil/wpdepa/2010-15.html"> <META NAME="redif-type" content="paper"> <META NAME="citation_type" content="redif-paper"> <META NAME="citation_technical_report_number" content="2010-15"> <META NAME="citation_year" content="2010"> <META NAME="twitter:card" content="summary_large_image"> <META NAME="twitter:site" content="@repec_org"> <META NAME="twitter:title" content="Monetary developments and decolonization in Ethiopia, by Arnaldo MAURI"> <META NAME="twitter:description" content="The article analyses the reorganization process of the monetary setting in Ethiopia started in 1941 along with decolonization, when the Italian colonial rule came to an end. The country regained indep"> <META NAME="twitter:image" content="https://ideas.repec.org/cgi-bin/twimage.cgi?p&mil:wpdepa:2010-15"> <META PROPERTY="og:type" content="article"> <META PROPERTY="og:title" content="Monetary developments and decolonization in Ethiopia"> <META PROPERTY="og:description" content="The article analyses the reorganization process of the monetary setting in Ethiopia started in 1941 along with decolonization, when the Italian colonial rule came to an end. The country regained indep"> <META PROPERTY="og:url" content="https://ideas.repec.org//p/mil/wpdepa/2010-15.html"> <META PROPERTY="og:image" content="https://ideas.repec.org/cgi-bin/twimage.cgi?p&mil:wpdepa:2010-15"> <script type="application/ld+json"> { "@context": "http://schema.org", "@graph": [ { "@id": "#periodical", "@type": "Periodical", "name": "Departmental Working Papers", "publisher": "Department of Economics, Management and Quantitative Methods at Universit脿 degli Studi di Milano", "url": "https://ideas.repec.org/s/mil/wpdepa.html", "requiresSubscription": "false" }, { "@id": "#number", "@type": "PublicationIssue", "datePublished": "2010-05-26", "issueNumber": "2010-15" }, { "@id": "#article", "@type": "ScholarlyArticle", "name": "Monetary developments and decolonization in Ethiopia", "url": "https://ideas.repec.org//p/mil/wpdepa/2010-15.html", "description": "The article analyses the reorganization process of the monetary setting in Ethiopia started in 1941 along with decolonization, when the Italian colonial rule came to an end. The country regained independence and the former Ethiopian empire was restored. The monetary reform in Ethiopia after liberation during World War II was a necessary measure to be adopted. Different paths however could have been followed at that moment by the Ethiopian government. The crucial choice made in money matter was to re-establish a national monetary unit instead of keeping the country inside the East African shilling area, as it was envisaged in British designs for the post-war setting of the Horn of Africa. The Ethiopian project unpredictably prevailed at the end of a weary negotiation, thanks chiefly to American support in the framework of a new role gained by the United States in this area. The Ethiopian Authorities were, as a consequence, enabled to free themselves from dependence on Great Britain and this event marked a crucial step in the advancement of the decolonisation proce", "keywords": "Ethiopia; History of Money in Africa; Monetary Reform", "author": "Arnaldo MAURI", "isPartOf": [ { "@id": "#periodical" }, { "@id": "#number" } ] } ] } </script> </HEAD><BODY> <script async src="https://www.googletagmanager.com/gtag/js?id=G-G63YGSJVZ7"></script> <script> window.dataLayer = window.dataLayer || []; function gtag(){dataLayer.push(arguments);} gtag('js', new Date()); gtag('config', 'G-G63YGSJVZ7'); </script> <div class="container"> <div id="header" class="row"> <nav class="navbar navbar-collapse navbar-expand-md" role="navigation"> <a class="navbar-brand" href="/"> <img width="125" src="/ideas4.jpg" border="0" alt="IDEAS home"> </a> <button class="navbar-toggler" type="button" data-toggle="collapse" data-target="#mobilesearch" aria-controls="mobilesearch" 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nav-pills" id="myTab" role="tablist"> <li class="nav-item"> <a class="nav-link active" id="author-abstract-tab" data-toggle="tab" href="#author-abstract" role="tab" aria-controls="author-abstract" aria-selected="true">Author & abstract</a> </li> <li class="nav-item"> <a class="nav-link download-tab" id="download-tab" data-toggle="tab" href="#download" role="tab" aria-controls="download" aria-selected="false">Download</a> </li> <li class="nav-item"> <a class="nav-link" id="refs-tab" data-toggle="tab" href="#refs" role="tab" aria-controls="refs" aria-selected="false">4 References</a> </li> <li class="nav-item"> <a class="nav-link" id="mrel-tab" data-toggle="tab" href="#mrel" role="tab" aria-controls="mrel" aria-selected="false">Most related</a> </li> <li class="nav-item"> <a class="nav-link" id="more-tab" data-toggle="tab" href="#more" role="tab" aria-controls="more" aria-selected="false">Related works & more</a> </li>  <li class="nav-item"> <a class="nav-link" id="correct-tab" 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The country regained independence and the former Ethiopian empire was restored. The monetary reform in Ethiopia after liberation during World War II was a necessary measure to be adopted. Different paths however could have been followed at that moment by the Ethiopian government. The crucial choice made in money matter was to re-establish a national monetary unit instead of keeping the country inside the East African shilling area, as it was envisaged in British designs for the post-war setting of the Horn of Africa. The Ethiopian project unpredictably prevailed at the end of a weary negotiation, thanks chiefly to American support in the framework of a new role gained by the United States in this area. The Ethiopian Authorities were, as a consequence, enabled to free themselves from dependence on Great Britain and this event marked a crucial step in the advancement of the decolonisation proce</div> <h2>Suggested Citation</h2> <div id="biblio-body"> <LI class="list-group-item downfree"> Arnaldo MAURI, 2010. "<B><A HREF="/p/mil/wpdepa/2010-15.html">Monetary developments and decolonization in Ethiopia</A></B>," <A HREF="/s/mil/wpdepa.html">Departmental Working Papers</A> 2010-15, Department of Economics, Management and Quantitative Methods at Universit脿 degli Studi di Milano. </li> Handle: <i style="word-break:break-all">RePEc:mil:wpdepa:2010-15</i> <form method="post" action="/cgi-bin/refs.cgi" enctype="multipart/form-data" target="refs" class="form-inline" role="form" style="margin-bottom: 10px;"> <input type="hidden" name="handle" value="RePEc:mil:wpdepa:2010-15"> <div class="pull-left" style="padding-right: 2px;"> <input type="submit" class="btn btn-default fa" name="ref" value="Export reference "> as </div> <div class="col-xs-8" style="padding-left: 0;"> <select name="output" size="1"> <option value="0">HTML</option> <option value="0.5">HTML with abstract</option> <option value="1">plain text</option> <option value="1.5">plain text with abstract</option> <option value="2">BibTeX</option> <option value="3">RIS (EndNote, RefMan, ProCite)</option> <option value="4">ReDIF</option> <option value="6">JSON</option> </select> </div> </form></div> </div> <div class="tab-pane fade" id="download" role="tabpanel" aria-labelledby="download-tab"> <h2>Download full text from publisher</h2><p></p> <FORM METHOD=GET ACTION="/cgi-bin/get_doc.pl" target="_blank"> <INPUT TYPE=HIDDEN NAME="urn" VALUE="RePEc:mil:wpdepa:2010-15"><INPUT TYPE="radio" NAME="url" VALUE="http://wp.demm.unimi.it/files/wp/2010/DEMM-2010_015wp.pdf" checked><B>File URL:</B> <span style="word-break:break-all">http://wp.demm.unimi.it/files/wp/2010/DEMM-2010_015wp.pdf</span><BR><B>Download Restriction:</B> no<BR> <font size="+2" color="red">---><INPUT TYPE="SUBMIT" class="btn fa" VALUE="Download the selected file " style="color:white;background-color:#2d4e8b;"><---</font></FORM><P> </div> <div class="tab-pane fade" id="refs" role="tabpanel" aria-labelledby="refs-tab"><h2>References listed on IDEAS</h2><form method="post" action="/cgi-bin/refs.cgi" enctype="multipart/form-data" target="refs" class="form-inline" role="form" style="margin-bottom: 10px;"> <input type="hidden" name="handle" value="repec:pra:mprapa:12423#repec:mil:wpdepa:2003-04#repec:eej:eeconj:v:27:y:2001:i:4:p:443-462#repec:mil:wpdepa:2008-11"> <div class="pull-left" style="padding-right: 2px;"> <input type="submit" class="btn btn-default fa" name="ref" value="Export references "> as </div> <div class="col-xs-8" style="padding-left: 0;"> <select name="output" size="1"> <option value="0">HTML</option> <option value="0.5">HTML with abstract</option> <option value="1">plain text</option> <option value="1.5">plain text with abstract</option> <option value="2">BibTeX</option> <option value="3">RIS (EndNote, RefMan, ProCite)</option> <option value="4">ReDIF</option> <option value="6">JSON</option> </select> </div> </form> <ol class="list-group"><LI class="list-group-item downfree"> Rena, Ravinder, 2006. "<B><A HREF="/p/pra/mprapa/12423.html">Historical Development of Money and Banking in Eritrea from the Axumite Kingdom to the Present</A></B>," <A HREF="/s/pra/mprapa.html">MPRA Paper</A> 12423, University Library of Munich, Germany, revised 17 Nov 2006. <LI class="list-group-item downfree"> Adrian E. Tschoegl, 2001. "<B><A HREF="/a/eej/eeconj/v27y2001i4p443-462.html">Maria Theresa's Thaler: A Case of International Money</A></B>," <A HREF="/s/eej/eeconj.html">Eastern Economic Journal</A>, Eastern Economic Association, vol. 27(4), pages 443-462, Fall. <LI class="list-group-item downfree"> Arnaldo MAURI, 2008. "<B><A HREF="/p/mil/wpdepa/2008-11.html">The re-establishment of the Ethiopia鈥檚 monetary and banking systems</A></B>," <A HREF="/s/mil/wpdepa.html">Departmental Working Papers</A> 2008-11, Department of Economics, Management and Quantitative Methods at Universit脿 degli Studi di Milano. <LI class="list-group-item downfree"> Arnaldo Mauri, 2003. "<B><A HREF="/p/mil/wpdepa/2003-04.html">Origins and early development of banking in Ethiopia</A></B>," <A HREF="/s/mil/wpdepa.html">Departmental Working Papers</A> 2003-04, Department of Economics, Management and Quantitative Methods at Universit脿 degli Studi di Milano. </ol> <A TARGET="_blank" HREF="http://citec.repec.org/cgi-bin/get_data.pl?h=RePEc:mil:wpdepa:2010-15&o=all"><B>Full references</B> <i class="fa fa-external-link"></i></A> (including those not matched with items on IDEAS)<P> </div> <div class="tab-pane fade" id="mrel" role="tabpanel" aria-labelledby="mrel-tab"> <h2>Most related items</H2> These are the items that most often cite the same works as this one and are cited by the same works as this one. <ol class="list-group"><LI class="list-group-item downfree"> Arnaldo Mauri, 2010. "<B><A HREF="/a/dug/actaec/y2010i1p5-16.html">Monetary Developments and Decolonization in Ethiopia (1941-1952)</A></B>," <A HREF="/s/dug/actaec.html">Acta Universitatis Danubius. OEconomica</A>, Danubius University of Galati, issue 1(1), pages 5-16, March. <LI class="list-group-item downfree"> Arnaldo MAURI, 2008. "<B><A HREF="/p/mil/wpdepa/2008-11.html">The re-establishment of the Ethiopia鈥檚 monetary and banking systems</A></B>," <A HREF="/s/mil/wpdepa.html">Departmental Working Papers</A> 2008-11, Department of Economics, Management and Quantitative Methods at Universit脿 degli Studi di Milano. <LI class="list-group-item downfree"> Moustapha Aman, 2020. "<B><A HREF="/p/hal/wpaper/hal-02975165.html">Spheres of influence in monetary regimes: the experience of the Horn of Africa (1860-1950)</A></B>," <A HREF="/s/hal/wpaper.html">Working Papers</A> hal-02975165, HAL. <LI class="list-group-item downfree"> AMAN, Moustapha, 2018. "<B><A HREF="/p/pra/mprapa/98815.html">Les sph猫res d鈥檌nfluence dans les r茅gimes mon茅taires : l鈥檈xp茅rience de la Corne de l鈥橝frique (1860-1950) [Spheres of influence in monetary regimes: the experience of the Horn of Africa (1860-1950)]</A></B>," <A HREF="/s/pra/mprapa.html">MPRA Paper</A> 98815, University Library of Munich, Germany. <LI class="list-group-item downfree"> Arnaldo MAURI, 2011. "<B><A HREF="/p/mil/wpdepa/2011-01.html">A nationalization of a bank of issue carried out in a soft way: the case of the establishment of the Bank of Ethiopia</A></B>," <A HREF="/s/mil/wpdepa.html">Departmental Working Papers</A> 2011-01, Department of Economics, Management and Quantitative Methods at Universit脿 degli Studi di Milano. <LI class="list-group-item downfree"> Arnaldo Mauri, 2010. "<B><A HREF="/a/dug/actaec/y2010i4p104-116.html">The Short Life of the Bank of Ethiopia</A></B>," <A HREF="/s/dug/actaec.html">Acta Universitatis Danubius. OEconomica</A>, Danubius University of Galati, issue 4(4), pages 104-116, December. <LI class="list-group-item downfree"> Ali Coskun Tun莽er, 2013. "<B><A HREF="/p/cmh/wpaper/08.html">The Black Swan of the Golden Periphery: The Ottoman Empire during the Classical Gold Standard Era</A></B>," <A HREF="/s/cmh/wpaper.html">Working Papers</A> 8, Department of Economic and Social History at the University of Cambridge. <LI class="list-group-item downfree"> Arnaldo MAURI, 2003. "<B><A HREF="/p/mil/wpdepa/2003-28.html">Eritrea's early stages in monetary and banking development</A></B>," <A HREF="/s/mil/wpdepa.html">Departmental Working Papers</A> 2003-28, Department of Economics, Management and Quantitative Methods at Universit脿 degli Studi di Milano. <LI class="list-group-item downfree"> Aman, Moustapha & Nenovsky, Nikolay, 2014. "<B><A HREF="/p/pra/mprapa/80089.html">G茅opolitique du r茅gime mon茅taire. Expliquer la long茅vit茅 du Currency Board de Djibouti [Geopolitics of Monetaray Regime. Expaning the longevity of Currency Board in Djibouti]</A></B>," <A HREF="/s/pra/mprapa.html">MPRA Paper</A> 80089, University Library of Munich, Germany, revised 2016. </ol> </div> <div class="tab-pane fade" id="more" role="tabpanel" aria-labelledby="more-tab"> <H2> More about this item</H2> <h3>Keywords</h3> <A HREF="/cgi-bin/htsearch2?q=%22Ethiopia%22" rel="nofollow">Ethiopia</A>; <A HREF="/cgi-bin/htsearch2?q=%22History+of+Money+in+Africa%22" rel="nofollow">History of Money in Africa</A>; <A HREF="/cgi-bin/htsearch2?q=%22Monetary+Reform%22" rel="nofollow">Monetary Reform</A>; <BR><A HREF="/cgi-bin/htsearch2?q=%22Ethiopia%22 %22History+of+Money+in+Africa%22 %22Monetary+Reform%22 " rel="nofollow">All these keywords</A>. <H3><A HREF="/j/">JEL</A> classification:</h3> <UL> <LI><A HREF="/j/E42.html"><B>E42</B></A> - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System</LI> <LI><A HREF="/j/G21.html"><B>G21</B></A> - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages</LI> <LI><A HREF="/j/N27.html"><B>N27</B></A> - Economic History - - Financial Markets and Institutions - - - Africa; Oceania</LI> </UL><P> <h3>Lists</h3> This item is featured on the following <A HREF="/k/">reading lists</A>, Wikipedia, or <A HREF="https://replication.uni-goettingen.de/">ReplicationWiki</A> pages: <OL> <LI><A HREF="https://fr.Wikipedia.org/wiki/Histoire_de_l'脙聣thiopie">Histoire de l'脙聣thiopie</A> in Wikipedia French <LI><A HREF="https://it.Wikipedia.org/wiki/Etiopia">Etiopia</A> in Wikipedia Italian <LI><A HREF="https://it.Wikipedia.org/wiki/Storia_d'Etiopia">Storia d'Etiopia</A> in Wikipedia Italian </OL> <h3>Statistics</h3> <A HREF="http://logec.repec.org/scripts/paperstat.pl?h=RePEc:mil:wpdepa:2010-15">Access and download statistics</A> </div>  <div class="tab-pane fade" id="correct" role="tabpanel" aria-labelledby="correct-tab"> <h2>Corrections</H2> <P>All material on this site has been provided by the respective publishers and authors. 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