FAQ: How To Exchange Currency In Ethiopia?

What documents are required for currency exchange?

Documents for selling foreign currency? Any valid photo ID proof such as Passport/Aadhar/Voters ID/Driving License and PAN card. Passport and PAN card are mandatory for transactions above Rs. 25000.

What is the best currency to take to Ethiopia?

Ethiopian Birr (ETB) the official Currency is the best Currency of choice, though you can make payments in USD, Euro, UK Pound at some hotels and tourist service areas in equal amounts. Other small service providers like Tour Guide, Taxi and souvenir shops also could accept foreign currencies.

What is the exchange rate for Ethiopian Birr to a dollar?

Are you overpaying your bank?

Conversion rates US Dollar / Ethiopian Birr
1 USD 43.74640 ETB
5 USD 218.73200 ETB
10 USD 437.46400 ETB
20 USD 874.92800 ETB

Is it better to exchange money at bank or currency exchange?

The best place to exchange money is a local ATM or a bank. Many foreign banks are happy to exchange your dollars for local currency for a better rate than you find elsewhere, or you can go to an ATM to skip the line.

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Which bank is best for currency exchange?

Local banks and credit unions usually offer the best rates. Major banks, such as Chase or Bank of America, offer the added benefit of having ATMs overseas. Online bureaus or currency converters, such as Travelex, provide convenient foreign exchange services.

What is the cheapest way to exchange currency?

5 Cheap Ways to Exchange Currency

  • Stop by Your Local Bank. Many banks and credit unions sell foreign currency.
  • Visit an ATM.
  • Consider Getting Traveler’s Checks.
  • Buy Currency at Your Foreign Bank Branch.
  • Order Currency Online.

What should I wear in Ethiopia?

For women, the ideal dress would be a long flowing shirt and dress that covers the shoulders and knees. Trousers are also fine (though few local women wear them except in Addis Ababa) but shorts or sleeveless tops are not really acceptable, especially in Islamic areas and rural settings.

Will my phone work in Ethiopia?

If best buy sales peoples told you, it is unlocked, It should work. You will still need a sim card from the Ethiopian Gov controlled telecommunication. you can buy a phone cards any where to fill your minutes. It is a prepaid service over there.

Can I use my debit card in Ethiopia?

Credit cards are accepted at only a very few outlets in Addis Ababa and it is not normally possible to get currency advances against a credit card. International bank and debit cards are accepted at major banks’ ATMs in the capital but there are very limited banking facilities in most other areas.

Can I use US dollars in Ethiopia?

As with many African countries the US dollar is the preferred foreign currency in Ethiopia although the euro is also very easy to exchange. According to National Bank of Ethiopia regulations, all bills in Ethiopia must be paid in birr.

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How much cash can you bring into Ethiopia?

It’s illegal to carry more than 1000 birr in local currency when entering or leaving Ethiopia. If you ‘re found to be carrying in excess of that amount the money will be seized and a prison sentence is possible.

Is it safe in Addis Ababa?

Addis Ababa is generally much safer than other cities in Ethiopia. The main risks are petty fraud and theft. You should beware of people who distract you and carefully monitor their pockets. Avoid some areas with stray dogs and be careful at night – blackouts are not uncommon.

Does Walmart do currency exchange?

Generally, Walmart does not accept foreign currency, however, you can pay for your purchases at Walmart using a credit card issued from a bank outside of the U.S. Walmart usually has signs at the entrance of the store to let customers know which payment methods and card issuers they accept.

Do banks charge a fee for currency exchange?

A currency conversion fee is typically 1% of the purchase price. A foreign transaction fee is a per-transaction charge, typically 2% to 3% of the purchase price, levied by your credit or debit card provider (often a bank ) or ATM network when you use your U.S. issued credit card in another country.

Where can I exchange currency for free?

Your bank or credit union is almost always the best place to exchange currency.

  • Before your trip, exchange money at your bank or credit union.
  • Once you’re abroad, use your financial institution’s ATMs, if possible.
  • After you’re home, see if your bank or credit union will buy back the foreign currency.

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