Sunday, August 7, 2022

Money & Shopping in Ethiopia

AfricaEthiopiaMoney & Shopping in Ethiopia

Read next

The Ethiopian birr (ETB) is the local currency, and it is one of the more stable African currencies. In September 2013, €1 was worth 25 birr, GBP1 was worth 30 birr, and USD1 was worth 19 birr. There are 100 santim to the birr, and coins of 1, 5, 10, 25, and 50 santim, as well as a one birr coin, are in circulation. Banknotes are available in denominations of 1, 5, 10, 50, and 100 birr.

It is illegal to import or export more than 100 birr. Hotel and car rental bills must usually be paid in cash.

ATMs may be found in most major cities. Dashen Bank is the greatest option for ATMs, followed by Commercial Bank of Ethiopia and Wegagan Bank. The most widely accepted credit cards are Visa and Mastercard. Expect international Cirrus or Plus cards to be inoperable. ATMs are not always dependable, so have a backup plan for cash when traveling outside of Addis Abeba. Master card is accepted at all Dashen Bank and Awash Bank ATMs.

Credit card (Visa and MasterCard) acceptance is expanding in Addis Abeba, but remains limited elsewhere.

Changing cash

Cash may be exchanged at any commercial bank in Ethiopia. The rates are the same across the country and are determined by the central bank on a daily basis. There are hundreds of commercial bank branches in Addis Abeba, including those in the Sheraton and Hilton hotels, as well as at the baggage claim area of the airport. Except for settlements in the Omo valley, most cities and towns visited by visitors will have at least one commercial bank. At the front desk, many hotels will change US money to birr. Banks may refuse to accept US dollar notes issued before 2002, as well as damaged or extremely worn notes, due to counterfeit in circulation. It is unlawful to exchange money on the black market, and the rates aren’t any better than those offered by banks. Due to currency restrictions, it is almost difficult to exchange the birr outside of Ethiopia, and it is illegal to take more than 200 birr from the nation without authorization.

In that order, the best currencies to carry are US dollars, euros, and pounds sterling. It may be better to retain the majority of your cash in your native currency and withdraw just what you need on a daily basis. Furthermore, since ATM machines distribute money in birr, it may be simpler to just take money from an ATM as required. Prices in Ethiopia are very cheap, and a US dollar will go a long way.

Travelers cheques are no longer accepted by banks.

US dollar

The US dollar is often accepted in places like as Addis Abeba and Dire Dawa (albeit not as much in Dire Dawa as it is in Addis). Prices at certain stores in Addis Abeba will be written in birr and USD. Some ATMs in Addis Abeba accept both US dollars and Ethiopian birr. The majority of hotels in Addis Abeba accept US currency. Ethiopian airports accept US currency.

You cannot legally acquire US dollars in Ethiopia unless you have an airline ticket out of the country. This implies that if you need dollars (for example, to get a Djibouti visa) but don’t have a flight ticket to leave Ethiopia, you’ll have to either convert money on the black market or carry enough US dollars with you.

Costs

In comparison to other African nations, Ethiopia is very inexpensive for visitors.

A five-star hotel in Addis Abeba, Dire Dawa, Nazret, Bahir Dar, Gondar, or Awasa costs around 1,500 birr per night.

The most costly cities in Ethiopia are Addis Abeba, Dire Dawa, and Adama/Nazret. A 32-inch (81-cm) LCD TV, for example, costs about 15,000 birr. Food is similarly costly if purchased in the city centers.

You will require about 400 birr each day for hotel, gasoline, food, accommodation, and transportation. You may require 600 birr each day in Addis Abeba and Dire Dawa.

Tipping

Tipping is prevalent in Ethiopian hotels, restaurants, and pubs. Parking lot attendants, whether formally employed by institutions or self-assigned, are likewise required to be tipped. It is traditional in certain restaurants to tip any dancers, which is typically done by putting a paper money note on the dancer’s forehead.

How To Travel To Ethiopia

By plane Ethiopian Airlines is one of Africa's most successful and renowned airlines, providing better service on foreign flights to any Star Alliance member airline in the United States. Ethiopian Airlines' major hub is Bole International Airport in Addis Ababa, which also serves Lufthansa, Sudan Airways, Kenya Airways, British Airways,...

How To Travel Around Ethiopia

By plane Ethiopian Airlines is inexpensive and offers a wide range of domestic services. Because flights are often overbooked, it is essential to confirm your tickets at least a day ahead of time and arrive at the airport on time. If you fail to reconfirm, they may presume you won't...

Visa & Passport Requirements for Ethiopia

Except for citizens of Djibouti and Kenya, and foreigners in transit at Addis Ababa Bole International Airport for a few hours to catch a connecting flight and who do not leave the airport or pass through the Immigration Desk, all visitors must acquire an entrance visa. Tourists from 33...

Destinations in Ethiopia

Cities in Ethiopia Addis Ababa – Addis Abeba is the capital of Ethiopia and one of Africa's largest retail cities.Adama (also known as Nazret or Nazareth) – popular weekend destination near AddisAxum (Aksum) – In the extreme north, Axum (Aksum) is the home of ancient tombs and stelae fields.Bahir Dar...

Things To See in Ethiopia

Huge obelisks in AxumHistoric routes, churches and mosques Lalibela, Axum, Gondar, HararVolcanic lake Danakil Depression and Erta AleRift Valley lakes Wonchi crater lake, Langano, TanaNational Parks such as MenengeshaMany beautiful churches in Addis AbabaRock-hewn churches in LalibelaCastles in GondarNorthern historic circuit. A loop from Addis Abeba through Lake Tana, Gondar, Axum, Lalibela, and...

Food & Drinks in Ethiopia

Food in Ethiopia In Ethiopia, injera is widespread. It is a spongy, tangy-flavored bread produced from the grain teff, which grows in Ethiopia's highlands. It has the appearance and feel of a crepe or pancake. It's served with wot (or wat), which are traditional stews prepared with spices, pork, or...

Traditions & Customs in Ethiopia

Ethiopians are very proud of their heritage, culture, and nation. Avoid criticizing their cultural way of life, particularly their type of Christianity (Ethiopian Orthodox). Avoid any heated theological debates at all costs, or you risk losing all good will and hospitality that might have been extended to you. Rather...

Internet & Communications in Ethiopia

Telephone The dialing code for Ethiopia is 251. Addis Abeba's city code is 011. (or 11 from outside Ethiopia). Mobile Ethiopia has among of the poorest connections in the world. Ethio Telecom (ETC) operates the mobile telecom network, which utilizes GSM (like in Europe/Africa) and has limited 3G (1x EV-DO service) and...

Language & Phrasebook in Ethiopia

Ethiopia's first official language is Amharic. The language is a Semitic language linked to Hebrew and Arabic, and you will recognize some cognates if you are familiar with either. Everyone in the nation speaks Amharic to some degree, regardless of their native language. The Ge'ez script is used to...

Culture Of Ethiopia

Naming Ethiopians have a distinct naming system from the Western family name-based one. Children add their father's and paternal grandfather's given names sequentially to their own given name. As with passports, the grandfather's given name is used as a family surname for compatibility reasons, and a person's given name plus...

History of Ethiopia

Ethiopia is one of the world's oldest autonomous countries. It has historically served as a crossroads for the civilizations of North Africa, the Middle East, and Sub-Saharan Africa. Ethiopia was never colonized, and it maintained its independence during the Scramble for Africa, save for five years (1936–41) when it...

Stay Safe & Healthy in Ethiopia

Stay Safe in Ethiopia In comparison to Kenya, Mexico, and South Africa, Ethiopia has a low crime rate. Beyond the city of Harar, avoid traveling to the country's east. Somali separatist organizations conduct guerrilla assaults on a regular basis. The majority of foreigners that travel there are US military personnel who...

Asia

Africa

South America

Europe

North America

Most Popular