“The National Bank of Ethiopia (Central Bank), follows a managed floating exchange rate regime where the local currency Birr is pegged to the US Dollar,” a study dubbed “The effect of exchange rate on economic growth in Ethiopia” partly reads. However, the Ethiopian exchange rate system has not officially been liberalised yet and the rate is still determined by NBE. In September 2019, National Bank of Ethiopia (NBE) Governor Yinager Dessie told Reuters that Ethiopia should slowly liberalise its exchange rate regime. The same report adds that authorities have underscored their continued commitment to closing the gap with the parallel rate to eventually move to a market-clearing exchange rate, but signalled a need to continue moving with caution. “Increasing the pace of depreciation would help reduce real overvaluation and act as a shock absorber during the crisis,” the report states. In May 2020, the International Monetary Fund (IMF) country report urged Ethiopia to accelerate the birr depreciation.

The second and current Birr has been the official currency of Ethiopia since the nineteen forties. The birr traded at 82 per dollar on the informal market on June 6, down 26 since the start of last month, according to two traders in the capital, Addis Ababa, who asked not to be identified. Although the first Birr dates back as far as the early nineties, the coins used in Ethiopia were Maria Theresa thalers and Menelik II talari. The Ethiopian Birr is the second most used currency in Africa after Nigeria’s Naira. The National Bank of Ethiopia and formerly the Bank of Abyssinia is the central bank. It has been in service since the Nineteen-Thirties. The Ethiopian currency is called Ethiopian Birr. – Black market exchange is illegal in Ethiopia therefore its advisable to use legal channels to exchange foreign currency. Black market exchange rate is 68.00 – 82.00 birr depending on location. You won’t receive this rate when sending money. 100.85 Br Chinese Yuan CNY/ETB Chart > 14.62 Br Australian Dollar AUD/ETB Chart > 67.17 Br Swiss Franc CHF/ETB Chart > 108.53 Br Kuwait Dinar KWD/ETB Chart > 328.44 Br Israeli Shekel ILS/ETB Chart > 27. – Holiday season () Dollar official exchange rate 52.26 birr. Amount 1.00 From EUR Euro To ETB Ethiopian Birr 1.00 Euro 59.93 84 Ethiopian Birrs 1 ETB 0.0166838 EUR We use the mid-market rate for our Converter.

100 dollar to birr black market