“Ethiopia… the Best Place to be “

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Currency

The local currency is the Ethiopian birr, made up of 100 cents. Notes are issued in denominations of 1,5, 10, 50, and 100 birr. There are five different coins: 1,5, 10, 25, and 50 cents.  Now it is  20  Birr is equivalent to one US dollar.


Currency regulations

There is no limit to the amount of foreign currency imported to Ethiopia, but it must be declared on the currency declaration form obtained on arrival. Up to Ethiopian 10 birr may be legally imported. Foreign currency may be changed only at authorized banks and hotels. The currency declanHion form must be retained as this will be required by Customs on departure.

Visitors may change back any excess Ethiopian birr to foreign currency at the airport before departure. If you do have birr to cash in at the airport, you must, in addition to the currency declaration form, bring with you all receipts for exchange transactions.


Banks

Banks have two sets of hours: cash and business. They are open for cash transactions all day from 08.00 to 15.00 including lunchtime Monday to Friday and Saturday 08.00 to 12.00.

Business hours are from 08.00 to 12.00 and 13.00 to 17.00 Monday through Thursday and 08.00 to 11.00 and 13.00 to 17.00 on Friday. All the major banks offer currency exchange. The two private banks have similar working hours.


Credit cards

Some credit cards are accepted in the major hotels and some of the larger restaurants. American Express is the most widely accepted. The Sheraton and Hilton also accept Visa, MasterCard, Diners Club, Access, and Eurocard.

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