Dergue Downfall Day is a significant national holiday in Ethiopia that commemorates the collapse of the Derg military regime in 1991. This day marks the end of the Ethiopian Civil War and the beginning of a transition toward a more democratic political structure. It is observed with official ceremonies and public gatherings across the country. For financial markets, this results in the closure of government offices, banks, and local businesses, halting domestic economic activity.
This is a fixed-date public holiday observed annually on May 28th. It is established by the Ethiopian government as a non-working day for both public and private sectors.
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