Chapter IX
Economic Development
UCI ~ I See You
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For the first time in Ethiopia's long history the country has had a National Development
Plan.  His Imperial Majesty introduced in 1957 the first Five-Year Plan, the beginning of a
twenty-year socio-economic plan.  He has pressed forward a broad-based programme of
infrastructure with the expressed purpose of laying the foundation for Ethiopia's all-round,
rational economic development.  The results are today evident in many areas of the
nation's viable and expanding economy, and the second Five-Year Plan is now being
implemented.
Concerning The Currency Law
Nov. 22, 1946
... As you know, the military, civil, peasant, commercial and industrial classes of the population are
all part of the same body politic.  They are similar to the parts of the body, such as the hands, the
feet, the eyes and the blood, and they are all dependent on each other and must work together in
helping each other for the proper health of the body.  Just as the circulation of blood gives life to
the human body, so the commercial and industrial enterprises constitute the life-blood of the
population.  It is not Our intention to support one part of the activity of the Empire as against
another part, but to assist them all to grow and work together for the benefit of the whole
population.  We shall assist the commercial and industrial as well as all other sectors to co-operate
for the benefit of the whole.

We are gratified to accept your words today stating openly that you have decided to abide by the
Ethiopian Constitution and particularly by the Currency Law and Legal Tender proclamation issued
over a year ago.  It should be recognized that We accept no difference between foreign and local
traders.  The progress of business in general is in the interest of the whole population; therefore,
We shall do all in Our power to assist you to maintain this progress in the future....
Haile Selassie the First - November 22, 1946