cbe

USD
131.5086
134.1388
,
GBP
174.4955
177.9854
,
EUR
149.8277
152.8243
,
CHF
156.9823
160.122
,
SEK
13.4396
13.7084
,
NOK
12.8108
13.0671
,
DKK
19.7202
20.1146
,
DJF
,
JPY
0.8912
0.909
,
CAD
94.2697
96.1551
,
SAR
35.069
35.7703
,
AED
35.809
36.5252
,
INR
,
KES
,
AUD
83.7181
85.3925
,
ZAR
,
CNY
17.9542
18.3133
,
KWD
420.8198
429.2362

awash

abyssinia

abay

USD
132.9817
135.6413
,
GBP
180.9215
184.54
,
EUR
154.2986
157.3846
,
AED
36.2052
36.9293
,
ZAR
7.4811
7.6308
,
SAR
35.4561
36.1652
,
JPY
0.9125
0.9308
,
CHF
164.8669
168.1643
,
AUD
86.345
88.0719
,
CNY
18.5371
18.9079

zemen

CAD
99.0408
101.0216
,
EUR
155.998
159.118
,
GBP
173.9501
177.4291
,
SEK
14.0584
14.3396
,
USD
134.4019
137.0899

buna

USD
134.1009
136.7829
,
EUR
154.9901
158.0899
,
GBP
178.2021
181.7661
,
AED
36.192
36.9158
,
SAR
35.7075
36.4217
,
CAD
94.006
95.8861
,
AUD
64.239
65.5238
,
JPY
0.94
0.9588

nib

USD
133.7081
136.3822
,
GBP
184.2764
187.962
,
EUR
158.0028
161.1629
,
CHF
169.6587
173.0519
,
CAD
98.3147
100.281
,
AED
36.401
37.129
,
SAR
35.6498
36.3628

berhan

wegagen

dgb

USD
132.0724
134.7138
,
EUR
148.5321
151.5027
,
GBP
167.2316
170.5762
,
CHF
130.8214
133.4378
,
SAR
29.9468
30.5457
,
AED
35.8921
36.6099
,
CAD
79.1617
80.7449

enat

USD
133.1112
135.7734
,
EUR
150.8905
153.9083
,
GBP
175.6636
179.1769

ahadu

USD
133.6323
136.3049
,
GBP
180.1432
183.7461
,
EUR
154.5012
157.5912
,
CAD
94.4677
96.3514
,
SAR
35.0504
35.7514
,
AED
35.7909
36.5067

addis

USD
134.17
136.8534
,
EUR
157.3696
160.517
,
GBP
184.1205
187.8029
,
SAR
35.7729
36.4884
,
CHF
167.9855
171.3452
,
AED
36.5307
37.2613
,
KWD
0
0

dashen

USD
134.3246
137.0111
,
EUR
155.8165
158.9329
,
GBP
181.3382
184.965
,
CAD
87.848
89.6049
,
AED
33.0957
33.7576
,
SAR
32.4031
33.0512
,
CNY
16.8383
17.1751

oromia

USD
134.3633
137.0506
,
GBP
177.0371
180.5778
,
EUR
148.8611
151.8383
,
CHF
169.3299
172.7165
,
SAR
35.8263
36.5429
,
AED
36.5774
37.3089

lion

USD
134.0414
136.7222
,
GBP
180.27
183.8754
,
EUR
154.9538
158.0529

developmentbank

USD
132.3534
135.0005
,
GBP
181.3903
185.0181
,
EUR
155.8064
158.9226
,
CHF
166.9864
170.3261
,
SEK
13.913
14.1913
,
NOK
13.1139
13.3762
,
DKK
20.8812
21.2988
,
DJF
0.7413
0.7561
,
JPY
0.9195
0.9379
,
CAD
96.9906
98.9304
,
SAR
35.2914
35.9972
,
AED
36.0312
36.7518
,
INR
1.5443
1.5752
,
KES
1.0224
1.0429
,
AUD
86.9165
88.6548
,
SDR
172.5888
176.0406
,
ZAR
7.4931
7.6429
,
CNY
18.464
18.8332
,
KWD
433.5765
442.248

coop

USD
133.7406
136.4154
,
GBP
176.331
179.8576
,
EUR
151.4649
154.4942
,
AED
34.994
35.6938
,
SAR
34.2674
34.9528

gadaa

USD
134.1095
136.7917
,
GBP
165.8019
169.1179
,
EUR
152.1936
155.2375
,
AED
33.7659
34.4412
,
SAR
33.0073
33.6674
,
CHF
134.1436
136.8265

hijra

USD
132.1301
134.7727
,
EUR
148.063
151.0242
,
GBP
173.3231
176.7895
,
SAR
35.8505
36.5675
,
AED
36.6058
37.3379

amhara

USD
134.6599
137.3531
,
GBP
184.8746
188.5721
,
EUR
157.7541
160.9092
,
CAD
98.6086
100.5808
,
AED
36.6691
37.4025
,
SAR
35.9055
36.6236

tsehay

USD
132.8509
135.5079
,
GBP
169.2591
172.6443
,
EUR
148.836
151.8127
,
CAD
89.6864
91.4801
,
SAR
33.3311
33.9977
,
AED
34.0606
34.7419
,
AED

tsedey

USD
134.2875
136.9732
,
EUR
158.2847
161.4503
,
GBP
183.3293
186.9959
,
AED
36.5567
37.2879
,
CHF
169.2344
172.6191
,
SEK
14.0637
14.345
,
NOK
13.3285
13.5951
,
DKK
21.2131
21.6374
,
DJF
0.7521
0.7671
,
INR
1.5726
1.6041
,
JPY
0.9333
0.952
,
CAD
98.8062
100.7823
,
SAR
35.8062
36.5223
,
ZAR
7.6611
7.8144
,
CNY
18.7476
19.1226
,
KWD
439.9526
448.7517
,
KES
1.0374
1.0581

siinqee

USD
134.08
136.7616
,
EUR
157.015
160.1553
,
GBP
181.7173
185.3516
,
SAR
23.1262
23.5887
,
CHF
123.4786
125.9482
,
AED
36.3332
37.0599

hibret

USD
133.2001
135.8641
,
GBP
175.1027
178.6048
,
EUR
156.2897
159.4155
,
AED
36.2617
36.9869
,
CAD
97.6111
99.5633
,
CNH
18.5821
18.9537
,
CHF
148.0209
150.9813

gohbetoch

zamzam

USD
132
134.64
,
GBP
177.072
180.6134
,
AED
36.2533
36.9784
,
EUR
149.748
152.743
,
SAR
35.3367
36.0434
,
CAD
95.625
94.5375
,
CHF
160.185
163.3887

nbe

JPY
0.9361
0.9454
,
KWD
442.2143
446.6364
,
CNY
18.8636
19.0522
,
ZAR
7.5564
7.632
,
XDR
185.8444
187.7029
,
EUR
158.4622
160.0469
,
AED
36.835
37.2033
,
SAR
36.0709
36.4316
,
AUD
88.4104
89.2945
,
CAD
99.0464
100.0369
,
USD
135.2875
135.4483
,
KES
1.0447
1.076
,
INR
1.5817
1.5976
,
DJF
0.7577
0.7804
,
DKK
21.2392
21.4516
,
NOK
13.4303
13.5646
,
SEK
14.2729
14.4157
,
CHF
169.3846
171.0785
,
GBP
185.6821
187.5389

binance

USDT
160.6
160.21

Foreign Currency in Ethiopia: How to Easily Access a Dollar?

Foreign Currency in Ethiopia Guide.

Do you want to know how to access dollars or foreign currency in Ethiopia without going through black market? without going through the hassle of changing birr to dollar? Or You want to directly use your dollars in home country?

Introduce yourself to the Diaspora account service, which is actively operating in Ethiopia, some of the bank to go to, which provides you this service are Awash bank, Zemen Bank and Dashen Bank, Foreign currency account for diaspora is designed to enable Diasporas access major currencies which are Dollars, Euro or pounds directly from their deposited account. here is a step by step guide to how to open a foreign currency account 

Foreign Currency in Ethiopia and Its Government

The government of Ethiopia’s foreign exchange reserves continue to be in low supply, posing a long-standing barrier for those wishing to source from overseas. Foreign exchange reserves have been depleted as a result of international loan commitments signed to pay previously constructed infrastructure projects.

All international transfers need licenses, and all foreign exchange transactions must be conducted through approved dealers monitored by the NBE. Imports must be financed through Ethiopian bank accounts. The NBE has transferred the majority of foreign exchange transaction functions to commercial banks, but retains the power to authorize substantial foreign exchange allocations. In addition, the NBE forces commercial banks to forfeit 30% of their foreign exchange gains. more detailed information could be found here but they are not properly updated more info

Having an experience of home investments in my home country, I have had challenges with shortage of currency, since my business requires import of chemicals and inputs, we have been having difficulties with the depreciating money, it sucked on the profit we were making that we were in a constant finance distress, few years ago I have been introduced to the Diaspora account, from that time we were able to make our import at a lower cost than we did before. With the soaring inflation and devaluing currency, it would have been hard for us to survive in business. “said Kebede Makalu CEO of INERIT Medical manufacturing 

 

Banks That With good reputation regarding foreign currency in Ethiopia

Awash Bank

Awash Bank

7.6 Rating

15% Loan Interest

Banking and Services for micro finance institutions

School Tution Fee Collection Services

Lucy Women's Saving

Business Banking

Plenty of business banking choices

Bank of Abyssinia

Bank of Abyssinia

7.7 Rating

16% Loan Interest

Ecommerce Payment Gateway

Virtual Banking

Customer Support

E-Commerce

Simplify Customer Experience

Berhan Bank

Berhan Bank

8.4 Rating

15.5% Loan Interest

Salary Fund Management

Premium Savings Accounts

Online School Pay

Berhan School Pay

Time saving payment method

Diaspora Account is one of the major ways to preserve and store foreign currency in Ethiopia. For that reason banks are trying to acquire the diaspora based customers from aboard.

To benefit from a diaspora account, you need to be or have one of the following for  More detail on how to open diaspora account

  • Non-resident Ethiopian or a Non-resident foreign national of Ethiopian origin
  • An Ethiopian national living and working abroad or in due process of living abroad for work for more than one year and who can produce authenticated documents.
  • Companies owned by the above-mentioned nonresidents and located outside the Ethiopian territory for more than one year.

Once you make sure that you fulfill at least one of the criteria, you can open the account whether you are in Ethiopia or in the country you are residing via post. while applying to the account if you cannot physically appear to the bank, you can use the nearby Ethiopian Embassies, correspondent banks or remittance service providers to prove your identity. To find the full service you can go to the site of the banks we have listed that provide you a diaspora account.

Foreign Currency in Ethiopia

Having a foreign currency account can be a powerful tool to enable you make transactions very easily and in overall increase the efficiency of your business

You can 

  • Make local payment in Birr
  • Transfers to other foreign currency accounts in any of the authorized banks in Ethiopia.
  • Make payment for your imports or other Foreign Service Payments provided the account holder has the required business license to do so.
  • Make transfers abroad
  • Withdraw for travel allowance of your requirements in cash notes or any other instruments upon presentation of valid travel document. 
  • Convert into a Birr account at the prevailing exchange rate.
  • Pay for authorized bank charges, if any, levied by the opening bank
  • Serve as collateral or guarantee for loans or bids.

Following the trend and leveraging the heat of incentives is what help you achieve your dream in whatever business you are in.

The government has recently opened up sectors for diasporas that were once reserved to domestic investors, and the country has been opening up to foreign investment across sectors. Unlike the past, the legal security of ownership for Diasporas will further catalyze engagements in financial services. 

For any Diaspora or anyone who wants foreign currency for business, travel or any reason having a foreign currency account or. Diaspora account is not an option but a basic necessity