Converting birr (ETB) to US dollars in Ethiopia requires going through authorized dealers. Here's how to do it safely and get a fair rate.
Where to Convert
- Commercial banks: CBE, Awash, Abyssinia, Dashen, and other banks offer FX services. You typically need an account.
- Licensed forex bureaus: Found in cities and at airports. No account needed; bring ID.
- Hotels: Some accept birr and give change in USD at less favorable rates—use only for small amounts.
Step-by-Step (Bank)
- Visit a branch with your ID (passport or Kebele ID) and bank passbook/card if you have an account.
- Request the exchange: Tell the teller you want to buy USD with birr.
- Provide purpose: For larger amounts, you may need to state the purpose (travel, business, education).
- Receive USD and receipt: Keep the receipt—you may need it when leaving Ethiopia to show you legally obtained the currency.
Documents You'll Need
- Valid ID (passport for foreigners, national ID or passport for residents)
- Bank account (for bank exchange) or cash birr (for bureaus)
- Proof of travel or purpose for larger amounts (airline ticket, invitation letter, etc.)
Getting a Fair Rate
- Compare first: Use Birr Value to see which banks offer the best buying rate (the rate at which the bank buys your birr).
- Rates change daily: The National Bank of Ethiopia sets a reference rate; banks trade within a band.
- Avoid street dealers: Unofficial exchange carries fraud and legal risks.
Limits
- Export of birr is restricted. Convert what you need before departing.
- Large transactions may require additional documentation. Ask your bank.