Western Union and MoneyGram allow you to send funds for cash pickup at agent locations. Providers like World Remit and XE can help you quickly and easily transfer your money online. What are the ways that I can send money to Ethiopia What is the best way to send money to Ethiopia? The birr (Amharic: ብር) is the unit of currency in Ethiopia. How much is dollar in black market in Ethiopia?ĭollar to Ethiopian Birr Exchange Rate Today, Live 1 USD to ETB = 48.1833 (Convert Dollars to Ethiopian Birr) How much is $1000 US dollars in Ethiopia?Īre you overpaying your bank? Conversion rates US Dollar / Ethiopian Birr 6 Is there a US dollar to Ethiopian birr converter?.5 What is the value of 100 Ethiopian birrs?.3 What is the currency in Ethiopia now?.2 How much is $1000 US dollars in Ethiopia?.1 How much is dollar in black market in Ethiopia?.On Thursday, Abiy’s newly appointed central bank governor, Yinager Dessie, pledged to meet the business community regularly and pledged that their main concerns - scant access to credit and foreign exchange - were government priorities. His moves to liberalise the economy by opening up lucrative state-owned assets to foreign investment have been cheered by his people as well as outside investors keen to enter one of Africa’s last untapped markets. Since taking office in April, Abiy has turned politics and the economy on its head in the nation of 100 million people. The dollar shortage has also dissuaded international firms from investing out of fear they will struggle to repatriate profits. Since earlier this year, essential items including insulin, blood pressure medication and infant formula have become scarce.

“All of a sudden this is happening,” said one real estate agent whose business had come to a standstill over the past year because the construction sector could not access dollars to import building materials.Ī decade-long infrastructure push aimed at industrialising the overwhelmingly agrarian nation to create jobs has as a side-effect exacerbated the dollar shortage. * New prime minister has turned politics, economy on its headĪDDIS ABABA, July 20 (Reuters) - A “hard currency amnesty” and reform-driven confidence in Ethiopia’s economy, both at home and abroad, have helped close a once yawning gap between the official and black market exchange rates for its birr currency.Īs cash - in some cases briefcases full of dollars - pours into banks, local businesses say they are finally feeling relief from a foreign exchange crunch that had seen some segments of the economy grind to a halt.īusinesses and analysts in the capital Addis Ababa told Reuters on Friday the birr was trading on the parallel market around 28 to the dollar, close to parity with the official rate and 25 percent firmer than three months ago. * Ethiopia’s economy has faced crippling forex shortage

Dollar in ethiopian birr black market