“Increasing the pace of depreciation would help reduce real overvaluation and act as a shock absorber during the crisis,” the report states. In May 2020, the International Monetary Fund (IMF) country report urged Ethiopia to accelerate the birr depreciation. The second and current Birr has been the official currency of Ethiopia since the nineteen forties. Although the first Birr dates back as far as the early nineties, the coins used in Ethiopia were Maria Theresa thalers and Menelik II talari. The Ethiopian Birr is the second most used currency in Africa after Nigeria’s Naira. The National Bank of Ethiopia and formerly the Bank of Abyssinia is the central bank. It has been in service since the Nineteen-Thirties. The Ethiopian currency is called Ethiopian Birr. – Black market exchange is illegal in Ethiopia therefore its advisable to use legal channels to exchange foreign currency. Black market exchange rate is 68.00 – 82.00 birr depending on location. When we compare today’s () values with the last 7 days, average Dollar to Naira rate had a 13.4 points increase from ₦783.60 to ₦797.00 which corresponds to a 1.71% rise.ĭollar to Naira parallel market exchange rate is between ₦780 and ₦790 with an average of ₦784.75 in Nigeria today on, according to 4 buy rates coming from the users in the comments section.– Holiday season () Dollar official exchange rate 52.26 birr. cannot guarantee correctness of the buy rates shared by users listed above.ĭollar to Naira parallel market exchange rate is between ₦795 and ₦800 with an average of ₦797.00 in Nigeria today on, according to 4 sell rates coming from the users in the comments section.įor the last 7 days, between and, Dollar to Naira black market sell rate took values between ₦767 and ₦800 with an average of ₦783.60. Some buy rates extracted from the user comments on this page: Currency cannot guarantee correctness of the sell rates shared by users listed above. Some sell rates extracted from the user comments on this page: Currency Please, DO NOT TRADE with the users listed here use this platform only for data purposes. cannot guarantee trustworthiness of the contacts listed here.
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