Ethiopian Birr Exchange Rates (Official)
Real-time rates from Commercial Bank of Ethiopia
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Ethiopian Exchange Rates
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Special Bonus: Commercial Bank of Ethiopia offers an extra +10 Birr per USD for transfers through EthioDirect, CashGo, FastPay, and other remittance partners.
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Exchange Rate Reform
Ethiopia implemented a significant foreign exchange market reform in July 2024, transitioning to a market-based exchange rate system. This reform aims to attract foreign investment, boost exports, and stabilize the economy.
The National Bank of Ethiopia (NBE) now allows commercial banks to set their own exchange rates based on market forces, marking a shift from the previous fixed exchange rate regime. This liberalization is expected to improve foreign currency availability and reduce the parallel market premium.
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