What is the official currency of Ethiopia, and where can I exchange money?
Post ByAdequate Travel
Summary
Discover the currency used in Ethiopia and learn the best options for exchanging your money. Get essential information on the official currency of Ethiopia and learn the best places to exchange your money when visiting the country. The place is known for its rich history and culture, welcomes tourists with open arms. However, be sure to review the travel advisory and travel warnings to ensure a safe and enjoyable experience.Official currency of Ethiopia
The official currency of Ethiopia is the Ethiopian Birr (ETB).
Where to exchange money in Ethiopia
There are several places where you can exchange your money in Ethiopia:
1.Banks
Banks in Ethiopia offer currency exchange services. It is recommended to exchange money at authorized banks to ensure security and to obtain a fair exchange rate. Some of the major banks in Ethiopia include Commercial Bank of Ethiopia, Dashen Bank, and Abyssinia Bank.
2.Authorized Foreign Exchange Bureaus
There are also authorized foreign exchange bureaus in Ethiopia where you can exchange your currency. These bureaus usually offer competitive rates and are commonly found in tourist areas or major cities like Addis Ababa.
3.Hotels
Some hotels in Ethiopia provide currency exchange services for their guests. However, it is important to note that the exchange rates at hotels might not be as favorable as those at banks or dedicated foreign exchange bureaus.
4.Airports
International airports in Ethiopia often have currency exchange counters where you can exchange your money upon arrival or departure. However, the rates at airports are typically less favorable compared to other options.
5.ATMs
ATMs are widely available in major cities of Ethiopia, and you can use your international debit or credit card to withdraw local currency. However, it is recommended to notify your bank beforehand about your travel plans to avoid any issues with card acceptance or safety.
6.Mobile Money Agents
In Ethiopia, there are also mobile money agents where you can exchange currency. Mobile money services like M-Birr allow users to convert their cash into electronic currencies stored on their mobile phones.
It is always advisable to compare exchange rates and fees across different options before making a currency exchange.It's essential to stay updated with international travel information, especially when planning a foreign trip, to navigate any changes in travel advisory or travel warnings.Suggested Questions
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