ETHIOPIA

(ETB) Currency News >>

CURRENCY:

Ethiopian Birr - ETB, Symbol Br

DENOMINATIONS:

NOTE: Br100, 50, 10, 5 and 1.

COIN: 50, 25, 10, 5 and 1 cents.

US DOLLAR ACCEPTED?

Yes

CREDIT/DEBIT CARDS AND ATMS:

Limited acceptance is held by MasterCard and Diners Club. It is not wise to rely on credit cards in Ethiopia.

CURRENCY EXCHANGE:

The best currency and the most easy to exchange is the US dollar.

TRAVELLER'S CHEQUES:

These are best in US dollars or Sterling but you may have trouble exchanging them.

BANKING HOURS:

Mon-Thurs 0800-1500, Fri 0800-1100 and 1330-1500 Sat 0830-1100.

CURRENCY RESTRICTIONS:

Import and export of local currency is limited to ETB 100 per person. Import and export of foreign currency is unlimited provided declared.

COUNTRY OVERVIEW:

Ethiopia's full name is the Federal Democratic Republic of Ethiopia. It is a country in the Horn of Africa. One of its borders is shared with Eritrea, a country with whom it has had many years of conflict. Ethiopia is known as one of the oldest countries in the world, and some of the oldest traces of mankind have been found there. The capital and largest city is Addis Ababa.

POPULATION:

Around 85 million.

ECONOMY:

According to some sources, Ethiopia has one of the fastest growing economies of the world. Problems persist however, such as drought and political issues, which have slowed progress. The main element of the economy is coffee - Ethiopia is where the first coffee bean came from - and is the largest export commodity. The country is also one of the largest producers of livestock in the world.