What is the currency used in Ethiopia, and can I use credit cards?
Post ByAdequate Travel
Summary
Ethiopia is a diverse and booming East African country, and its currency is the Ethiopian Birr. Knowing what type of currency to use when traveling to Ethiopia is essential, as is understanding the options for paying with credit cards. In this blog, we will discuss the currency used in Ethiopia and whether you can use a credit card while visiting. As you prepare for your journey, familiarize yourself with the specific entry requirements, including any necessary visas or documentation.Currency in Ethiopia
Ethiopia's official currency is the Ethiopian Birr (ETB). The symbol for the Ethiopian Birr is "ብር".
Using Credit Cards in Ethiopia
While credit and debit cards are becoming increasingly accepted in major cities and tourist areas, it is important to note that cash is still the dominant form of payment in Ethiopia. Here are a few points to consider:
- Availability: Credit card acceptance is more common in upscale hotels, international restaurants, and larger shops. However, many smaller establishments, markets, and remote areas may only accept cash.
- Accepted Cards: International credit cards like Visa and Mastercard are more widely accepted, especially in tourist areas. American Express and other less common cards might have limited acceptance.
- ATMs: ATMs are available in major cities, allowing you to withdraw cash from your credit/debit card. However, it is advisable to carry enough cash in case of technical issues or limited availability.
- Merchant Fees: Some merchants may charge an additional fee when you use a credit card, especially for small purchases. It is advisable to ask about potential additional charges before making a transaction.
- Currency Exchange: If you plan to use your credit card, it is important to notify your bank beforehand and inquire about any applicable foreign transaction fees or currency exchange rates. This will help you make informed decisions while using your card.
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