Ethiopian Birr

About The Ethiopian Birr: The Currency of the Ethiopia

Quick Facts About the Ethiopian Birr Notes

Country of Origin	Ethiopia
Symbol	Br (Latin Script) ብር (Ethiopic Script)
Currency Code	ETB (numeric- 230)
Nick Names
Minor units	Santim
Denominations (Banknotes)	1, 5, 10, 50, 100, 200 birr
Motto
Identification Feature	Ethiopian Birr banknotes come in variety of colours- Green (10 birr), Vermilion (50 birr), Indigo (100 birr), Violet (200 birr)
Issuing Bank	National Bank of Ethiopia
In Circulation Since	1931 AD

The Federal Democratic Republic of Ethiopia's official currency, the Ethiopian Birr, is issued by the National Bank of Ethiopia, which controls its value through a filthy float.

A birr has 100 santims within it. The name of the Ethiopian Birr comes from a regional term for silver. The Ethiopian Birr symbol is "Br," and its currency code is ETB.

The current rate for Ethiopian Birr to INR is 0 🔄.

History of the Ethiopian Birr

Ethiopia, formerly known as Abyssinia, officially accepted the Maria Theresa Thaler as its national currency until 1894. It was named after the Empress of the Holy Roman Empire. 16 guerches or piastres made up a thaler. The talari or Melenik dollar, named after Emperor Melenik II, took its place.

The Bank of Abyssinia was founded in 1905 by Menelik II and a European financial organisation, and it began issuing banknotes in 1915. The National Bank of Ethiopia was founded in 1931 after the Ethiopian Emperor Haile Selassie acquired and reorganised the Bank of Abyssinia.The bank split the thaler into 100 centimes at this point. Also in 1931, the Emperor asked for the new constitution to change the name of the nation from Abyssinia to Ethiopia.

The creation of the Italian lira in 1936 was prompted by Italy's annexation of Ethiopia. The East African shilling was introduced in 1941 with the advent of British soldiers, replacing the Turkish lira and serving as the country's legal coinage from 1941 until 1945.

In 1945, the current birr was reinstated as the nation's legal tender at a rate of one cent. Up until 1976, the official English translation of the currency on banknotes was the "Ethiopian dollar." Then Ethiopia stated in all languages that the birr, not the dollar, was its official currency. The birr just means birr, even when translated.

The live Ethiopian Birr rate has faced various ups and downs, but it has stood the test of time. The Ethiopian Birr price has been relatively constant in recent times.

Countries Accepting the Ethiopian Birr

Amount in the Ethiopian Birr You Should Carry for Your Trip

Buy Ethiopian Birr as much as you calculate to be required. For your trip to Ethiopia, you will need Ethiopian Birr 2,588 ($48) each day approximately, which is the average daily price based on what previous tourists spent there. Previous visitors have, on average, spent ETB 287 ($5.34) on local transportation and ETB 672 ($13) on meals for one day. Additionally, a couple may stay in a hotel for an average cost of ETB 2,734 ($51). Therefore, the average cost of a weeklong trip to Ethiopia for two individuals is ETB 36,230 ($675). These average travel costs were compiled from feedback from previous travellers to assist you in creating your own trip budget. Ethiopian Birr Forex Cards are also useful.

Typically, one person's trip to Ethiopia for a week costs about ETB 18,115. Therefore, a weeklong vacation to Ethiopia for two people would cost about ETB 36,230. In Ethiopia, a two-week trip for two individuals costs ETB 72,461. When a family of three or four takes a trip, the cost can frequently be reduced since child tickets are less expensive and hotel rooms can be shared. Your daily budget will decrease if you drive more slowly over a longer distance. A month's worth of shared travel in Ethiopia between two individuals can frequently result in a cheaper daily budget per person than a week's worth of solo travel. The Ethiopian Birr exchange rate will be significantly worse when you sell Ethiopian Birr back to euros or convert Ethiopian Birr to pounds. The preferred currency to take back is usually to convert Ethiopian Birr to USD.