Acta Universitatis Danubius. Œconomica, Vol. 6, No. 1
Abstract
The article analyses the reorganization process of the monetary setting in Ethiopia which
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 the 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, due to the chiefly 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.
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