Reconversion of birr into foreign currency is allowed, if the reconversion request is supported by original receipts produced by banks and customs declaration for value exceeding USD3,000. Transit travelers staying in Ethiopia for more than 24 hours and carry foreign currency cash notes exceeding USD3,000 or equivalent in any other convertible foreign currency, shall declare foreign currency in their possession by using the foreign currency customs declaration form prepared for this purpose on arrivalįoreign currency cash notes shall be exchanged into Birr only with banks and authorized forex bureaus at the given Ethiopian Birr exchange rate. Foreign Currency DeclarationsĪccording to the National Bank of Ethiopia, temporary visitors such as tourists and businessmen who carry foreign currency cash notes exceeding USD 3,000 or equivalent in any other convertible foreign currency shall declare foreign currency in their possession by using the foreign currency customs declaration form prepared for this purpose on arrival. It affects the volume of both imports and exports (by changing their relative prices), as well as the stock of foreign debt in domestic currency terms. The exchange rate in Ethiopia chart also provides a key link between a country and the rest of the world, both in goods and assets markets.
It is also called a forex rate or FX rate. For example the currency of the US Dollar to the Ethiopian Birr exchange rate. The exchange rate in Ethiopia is the value of our country’s currency in relation to another currency for conversion purposes. Not only will you find the dollar to birr exchange rates, but a daily comparison of rates from all the banks and currencies. At Banks Ethiopia, you will find all Ethiopian Birr exchange rates for different currencies and Ethiopian banks in one place.
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