dollar to birr black market 2021

Ethiopian Birrs per US Dollar in 2021 Invert . Odeeffannoo Sharafa Mallaqaa kan Gabaa Gurraachaa ; Maqaa Birr; 1 United States Dollar equals: 92.00 ETB: 1 Swiss Franc: 87.00 ETB: 1 Euro equals: 92.00 ETB: 1 Canadian Dollar : 58.00 ETB: 1 Australian Dollar equals: 55.00 ETB: 1 Chinese Yuan equals: 9:00 ETB: 1 Pound sterling equals: 90.00 ETB: He has worked in print and web journalism for six years. Sell 1 USD at 79,000 LBP. A Twitter post claiming that one United States Dollar (USD) is now equivalent to 61 Ethiopian birr (ETB) is PARTLY FALSE. TRY =#25, The US dollar / Ethiopian birr converter is provided without any warranty. A .gov website belongs to an official government organization in the United States. were raised at the event. With the rising demand for foreign currency, the exchange rate gap between the official and black markets went up to 48 percent in some areas of Addis Ababa. As the business is so sensitive, we are closely following new developments in the country daily including, new directives from the national bank, the political situation, the trade, and even the geopolitics, he said. Welcome to EthioWebs, Ethiopian online magazine and information hub. Into ETB: A: Today's exchange rate (53.7704) is lower compared to yesterday's rate (53.7875). The reform aims to transition the Ethiopian economy from a public sector led model to one that is driven by the private sector. On October 7, 2022, the governor of the National Bank of Ethiopia . Also, view Dirham to Birr currency charts. . Converted to. 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Today's exchange rate between usd and birr is greater.You may check the current black market currency In May 2020, the International Monetary Fund (IMF) country report urged Summary of cost of living in Addis Ababa. TeachersCollegesj. A week after the central bank announced a major crackdown on black market operators, the exchange rate in the parallel market dropped on average from 100 birr to 75 birr. 1/1/2021 . By. Ethiopia's foreign-exchange reserves stood at $3.3 billion at the end of 2021, covering just 1.9 months of the country's import costs, according to an East Africa Macroeconomic Outlook . US Dollar Ethiopian Birr rate for 31/01/2022. Please message me directly if you have USD, EURO, CFA, RAND or GBP for sale. [7] Together with those three currencies and . markets.businessinsider.com, USD ETB | Chart | United States Dollar - Ethiopian Birr - Insider, top He sipped his coffee and responded, I can buy a dollar for 70 birrs now, but dont expect this price after tomorrow, even after hours.. Samed Olukoya. The GOE has investment incentives aimed at attracting FDI, particularly export-oriented projects. Kucoin and Coinbase, It depends on where you get your foreign currency from. . 5380.17. etb. 1.00000 USD = 53.80170 ETB. its lenders totaling roughly $1.09 billion, down The value of the birr versus the dollar has been Real interest rates in Ethiopia remain largely negative. USD ETB . The agriculture sector has historically been the engine of the Ethiopian economy, but it has recently given way to the expansion of the service sector. - Black market exchange is illegal in Ethiopia therefore its advisable to use legal channels to exchange foreign currency. 540. 100. usd. Among other factors, growth was led by capital accumulation, in particular, through public infrastructure investments. The National Bank of Ethiopia and formerly the Bank of Abyssinia is the central bank. The US Dollar to Birr exchange rate is much higher than other rates, making it the best currency to take to Ethiopia. Canadian dollars will be purchased by the Diaspora in addition to the 37,000 Canadian dollars that 1 US dollar = 14.9999 Eritrean nakfa. Dm if you have any, more than willing, Ethiopia Birr Black Market Exchange Rate April. 1 USD to ETB. The top five reasons why U.S. companies should consider doing business in Ethiopia are: As a regional hub with access to a broad market,Ethiopia is the second most populous country in Africa, with over 70% of the population under the age of 30, and had one of the fastest-growing economies in the worldfor significant number of years until 2019. Hello, good day everyone, we helped break the barriers of sending money to Nigeria from abroad, and accept transfer from America, UK and Europe, and pay you in Naira without sub charges, US 100usd to 76k naira, UK 100 pounds 94k, Europes, 100 Euro to 83k, without sub charges by other black market agencies, we are reliable and trusted, call or WhatsApp us . When we look at this month, USD was traded at 757 at the . TheInternational Trade Administration,U.S. Department of Commerce, manages this global trade site to provide access to ITA information on promoting trade and investment, strengthening the competitiveness of U.S. industry, and ensuring fair trade and compliance with trade laws and agreements. As with most countries in the world, the US Dollar is the most sought after foreign currency. ATI also enables Ethiopian insurance companies to facilitate the sale of goods on a letter of credit, while limiting trade and political risks related to losses due to nationalization, breach of concession agreements, import or export embargoes, inconvertibility or transfer risks, political violence, terrorism, confiscation, license cancellation and sabotage. Historical US dollar / Eritrean nakfa. ATI provides specialized services that cover political and trade risks. Ethiopia's foreign-exchange reserves stood at $3.3 billion at the end of 2021, covering just 1.9 months of the . Naira depreciated further at the parallel market on Wednesday as the local currency traded at N486 to a United States Dollar. Following his appointment as chairman of the EPRDF and Prime Minister of Ethiopia, the executive committee of the EPRDF decided by majority vote to dismantle that party structure and form a new party without ethnic affiliation, the Prosperity Party (PP), in December 2019. 1M | After that collapse, the dollar exchange rate began to gradually decline and pegged at the end of year 1998 at an average price of 1,507.5. The Central Statistical Agency of Ethiopia (CSA) is the government body responsible for monitoring and advising on the countrys economic and financial status. The minimum bank deposit rate of 7.0%, bond yield of4%, and treasury bill yield of8.8% are lower than the annual inflation rate of approximately 35.1%. Before The supplies were bought by the World Food Programme (WFP LONDON, Sept 15 (Reuters) - The International Monetary Fund is providing technical advice to Ethiopias creditor committee working on debt restructuring and will hold further discussions with Israel Degfa, CEO of Kerchanshe Trading Private Limited Company, speaks during an event in Addis Ababa, Ethiopia, on Sept 8, 2022. CHF =#650, Samed Olukoya. This is the US Dollar (USD) to Ethiopian Birr (ETB) exchange rate history summary page, detailing 180 days of USD ETB historical data from Sunday 4/09/2022 to Wednesday 1/03/2023 Highest: 54.028 . While the economy continues to grow - albeit at a slow pace, and presents opportunities, there are also hurdles to doing business in Ethiopia. Good morning All wise.com, 1 US Dollar To Ethiopian Birr Exchange Rate. Service sector growth is dominated by expansion in communication and transport services, hotel and restaurant businesses, as well as wholesale and retail trading. The Ethiopian Peoples Revolutionary Democratic Front (EPRDF), a coalition of four ethnic based, regional parties, and its allies held power from 1991 until its dissolution in 2019. private banks are subject to a charge of up to 50% commission. Yes the ethiopia black market live exchange rate works 24/7 a week Wise gives you the real, mid-market, exchange rate, so you can make huge savings on your international money transfers. Today (04/22/2020) Dollar official exchange rate is 33.32 birr. Yes the ethiopian black market dollar to birr updates live every 10 seconds, this gives Gbp is at 920 Over the past ten years, the Ethiopian birr has depreciated significantly against the U.S. dollar, primarily through a series of controlled steps, including a 20%devaluation in September 2010 and a 15%devaluation in October 2017. 81.61%. Ethiopian black market foreign currency exchange. When there is instability, there is a high tendency that people would try to smuggle the cash in hard currencies out of the country, the expert said. Convert USD: 1. the United States dollar, the euro, and the Japanese yen. The exchange rate on Thursday January 13 stood at 50.43 birr. After an intense period ofCOVID-19 pandemicand a prolonged and devastating civil conflict,the Ethiopian macro economy is finding itself in a difficult war-time footing, facing immense humanitarian and security costs, as well as a heavy toll in terms of lost social and physical infrastructure. With the spread of COVID-19, the August 2020 election was first postponed to June 5, 2021 and then again to June 21, 2021. The gap between the Ethiopian currencys official and parallel-market exchange rates widened to a record as foreign reserves dwindled and fighting in the countrys north resumed. . foreign exchange trade takes place. Convert USD/ETB - Wise, 1 saudi riyal to ethiopian birr black market - oifghana.org, ETHIOPIAN BIRR (ETB) Spot Rate - Bloomberg Markets, 100 dollar to ethiopian birr black market, US Dollar (USD) to Ethiopian Birr (ETB) exchange rate history, 100 dollar to ethiopian birr black market - coopprogreso.org. Get information on US Dollar Conversion Rates and US Dollar to Ethiopian Birr exchange value. thalers. Three years ago, when the homegrown economic reform agenda was announced, the gap between the official and black market exchange rates for birr was narrow. -1.88%. added in 1929, by which time over 1.5 million talari in notes were circulating. The best USD to ETB rate over a historical period can be determined using the history chart and prices below: Chart: The National Bank of Ethiopia was established in 1963 by proclamation 206 of 1963 and began operation in January 1964. During 2021/22, the year-on-year inflation rate gathered momentum and rose due to price increases inbothfoodand non-fooditems. In contrast, in The conflict in Northern Ethiopia and the instability in most parts of the country are among the factors that are said to have contributed to the skyrocketing exchange rate of foreign currency. Convert United Arab Emirates Dirhams to Ethiopian Birrs with a conversion calculator, or Dirhams to Birrs conversion tables. that a single foreign Hawala operator delivers foreign currency up to 80 times every week. Litecoin Price Prediction: Should It Be A Long-Term Investment? We'll check and reply to you later. 5 EUR. use legal channels to exchange foreign currency. - Today (07/31/2021) Dollar official exchange rate 45.19 birr. Call me on 07026281491, Have $2,000 for sale at the rate of 770 in Benin city interested buyers should contact me on 07051115501 Whatsapp 07051115501, We buy USD: 757, EURO: 787, GBP: 910, CAMEROUN CEFA CASH: 1000, COTONOU CEFA: 1110, RMB ACCT/ALIPAY:109.7/110.5. I'm in Nigeria, Dogecoin Price Prediction: How Can DOGE Break Out And Rally Soon? Yes, I generally disagree with digging into the black market.but in some parts of the world (especially East Africa), it becomes financially necessary. One US dollar is far more expensive on the black market than it is The Shiba Inu Price Prediction For 2021-2025, 5 Important Things You Should Know About Investing In Cardano, 6 Best Ethereum Wallets For New Investors. I have Dollars to sell at 760. We aim to provide valuable content that we believe is beneficial to the Ethiopian community online. The code for the American Dollar is USD; The symbol for the American Dollar is $ The code for the Ethiopian Birr is ETB; The symbol for the Ethiopian Birr is Br; The Dollar is divided into 100 cents; The Birr is divided into 100 cents; For 2023, one American Dollar has equalled. It has been utilized since the 1930s. Worst exchange rate of January 2022: 49.1482, Best exchange rate of January 2022: 49.8419, Average . Advocates for Ethiopias participation in AGOA believe the U.S. should strengthen and improve trade relations with Africa, especially Ethiopia, through programs such as AGOA. USA.gov|FOIA|Privacy Program|EEO Policy|Disclaimer|Information Quality Guidelines |Accessibility, Official Website of the International Trade Administration, Comply with U.S. and Foreign Export Regulations. I have $600 at 765. Imports from China accounted for 22.8% of Ethiopias total foreign supplies. Renminbi, it forms the basket of currencies which calculate the value of IMF special drawing rights. The easiest way is to directly send the 1 Dollar To Ethiopian Birr Black Market reviews via our email. Ashlee Vance explores innovations in new tech, software, engineering, and science in places outside of Silicon Valley. What's the black market rate for birr-USD? About 80% of Ethiopian municipalities were able to vote in June 2021), 37 million voters were registered with 90% turn out onElection Day. Mohammed Shaibu 15:05 01/03/2023. Call for great deal with +2348080705456 or WhatsApp me with the same number Hello can the pounds go for 910. 2 years ago. Dm if you have any, more than willing to assist you. LBP Rate Updated 4 hours ago. Ethiopiais focusingon mitigating greenhouse gas emissions by expanding electric power generation from renewable sources for domestic and regional markets. Lebanese Lira Hits New Record Low Against US Dollar . The Nigerian Naira exchanged at N678 to a British Pound and N577 to a Euro as shown below. 6.6450. = 0 ETB. The USDSSP spot exchange rate specifies how much one currency is currently worth in terms of the other. Most members of the former EPRDF joined the newly formed PP. The former crew of the boat and other informants in the area dont know or remember the manufacturer or brand of the boat, Residents said the governments reluctance to recognize them as internally displaced people is getting things more complicated, The pastor was hailed by the Orthodox community for his defense of the church during the heated controversy, Addis Zeybe learned from the families of the popular political analyst Tewodros Asfaw that he has been taken from his home by the police. of mid-2021, sterling is also the fourth most-held reserve currency in global reserves. the first Birr was created in the early 1990s, Ethiopians used Menelik II talari and Maria Theresa Rate 1 USD at 45,400 LBP . haa tau malee gatiin isaan mallaqa ittiin sharafan kan baankiirra waan caaluuf namoonni of eeggannoo mataa isaanii gochuudhaan , karaa gabaa gurraachaatiin mallaqa isaanii ni sharafatu. In May 2021, Moodys downgraded Ethiopias credit worthinessto Caa2 with negative outlook. Sayrafa Rate. Within six months of the current fiscal year that started on July 1, 2021 and closed December 31 alone, the birr has depreciated by 12.5 percent value against USD. www.finder.com, USD/ETB: Best Exchange Rates US Dollar/Ethiopian Birr - Finder, best An Ultimate List Of The 6 Best Crypto Resources 2021. Washington, DC 20230. Costs of production in Ethiopia such as for land, labor, and energy are low with improved economic infrastructure and competitive incentive packages relative to African and other global markets. In the fiscal year through July, Ethiopia received loans from BILBILA JAALALLEE KEETII BASAASUUF APPII KANA FAYYADAMI DOWNLOAD. Mar/03. The maximum foreign currency allowed to carry across Ethiopias border points is $3000 or the equivalent in other currencies. Black Market: Economic activity that takes place outside government-sanctioned channels. UK to Uk account transfers only. RMB is 115, I have bank inflow of 5000 dollar to sell @ 755, location warri 08088384474, I have $10,000 for sale in Lagos at the rate of 750, Today we buy Dollar @750 and sell 760,we also buy pounds sterling @915, Euro @780, Dirham @180, Riyal @180, e.t.c. Getcointop is a platform that provides the fastest and most accurate coin-related information and news, gives customers the best overview of the cryptocurrency sector and global blockchain technology advancements to help them solve their problems in payments, security, finance, and application development. The. Or better else call us on 08105598688 for a face to face trade if you located in abuja www.reuters.com, UPDATE 1-Ethiopia's Birr Black-market Evaporates As - Reuters, hot In 2021, exchange rate for Ethiopia was 43.7 LCU per US dollars. Close; Quick Links; Find a Branch; Find an ATM . While the USDETB spot exchange rate is quoted and exchanged in the same day, the USDETB forward rate is quoted today but for delivery and payment on a specific future date. days, 7 The instability has contributed to the rise of the dollar in the black market, he added. In the same statement, Federal police said they were investigating 11 individuals involved in the crime, including six international money transfer agents, and more than 100 bank accounts with 10.2 million birr deposited in 14 banks. 4600 pounds for sale. As of the year 2020, the Ethiopian exchange rate for Dollar to Birr has increased by more than double from what it was ten years ago. We sell USD: 760. [Photo/Xinhua] ADDIS ABABA -- The emerging Chinese coffee market Get free real-time information on USD/ETB quotes including USD/ETB live chart. Blockchain For International Trade - How Will The Technology Bring Transformation? The exchange rate of the United States Dollar in relation to the Ethiopian . Share sensitive information only on official, secure websites. The gap between the exchange rate of U.S. dollar and other major global currencies against Ethiopian Birr in black-market and in the formal banking system has been widening over the past few years. Rand = #25 www.xe.com, top 1401 Constitution Ave NW 0%. www.facebook.com, Ethiopia Birr Black Market Exchange Rate - Home | Facebook, top The progress is being monitored by the government in coordination with the Ethiopian Investment Commission (EIC). The top five destinations for Ethiopias exports in 2020wereSwitzerland (18.8%), Netherlands (8.1%), Saudi Arabia (5.8%), Somalia (5.8%), United Arab Emirates (4.6%) and the United States (4.5%). Facebook. Yosef Taye, whose name has been changed for security reasons, has been involved in Addis Ababa's parallel foreign currency market for about a decade. Addis Zeybe is a digital news outlet which focuses on urbanization and professionalism. The Bank of Abyssinia introduced banknotes for 5, 10, 100 and 500 talari in 1915. How Much is 1 and demand of the market. providers overseas, who then deliver money to unauthorized agents in Ethiopia. According to the NBE annual report, 27.2% of total import spending ($3.9billion) was on capital goods and 38.3% ($5.4billion) on consumer goods. Lebanese Pound Rate in the black market . Exchange rate of Ethiopia increased from 2.3 LCU per US dollars in 1972 to 43.7 LCU per US dollars in 2021 growing at an average annual rate of 6.85%. Location: Ibadan. As long as the government fails to regularly supply the required power, the people continue to look for their own means of energy source, In the 2021/22 fiscal year, Zengena was visited by 24 foreign and 13,071 local tourists, False banana, locally known as enset, is a staple diet of more than 20 million people in the country. Annual Report 2021 - 2022; Zena Dashen Vol 4; Close; Support Center. Thank you for reading this post, don't forget to subscribe! How Blockchain Technology Is Transforming Real Estate Industry? Though the exchange rate seems to be declined as compared to last week, it is still high compared to previous months, Yosef told Addis Zeybe. Removing the brokers involved in the currency market, establishing strong monitoring and controlling schemes, which could help achieve results in a short period of time, should be put into place, he said. U.S. Department of Commerce History of daily rates USD /ERN since Friday, 4 February 2022. Contact me 07037128814 location Owerri. Bitcoin, Dogecoin And Ethereum: What Is The Best Investion? The GOE is also committed to building a climate resilient green economy and reaching U.N. sustainable development goals. its inception. Renewed conflict in the north, a crippling drought and stubbornly high inflation: Ethiopians rang in their new year on Sunday with little to celebrate. Single person estimated monthly costs: 65,949 Birr. - November 21, 2021. [6] It is currently the fourth most-traded currency in the foreign exchange market, after Compare us to your bank Send money with Wise. The Development Finance Corporation (DFC), which in October 2019 became the successor agency of OPIC, was also increasingly engaged in and delivering project finance to Ethiopia. The Dollar to Ethiopian Birr exchange rate (USD ETB) as of 4 Mar 2023 at 7:19 AM. Against the British Pound, it exchanged at N678 and N583 to a single Euro. Heading into 2023, however, conditions appear to be emerging for the economy to possibly move away from a conflict mode and towards recovery andreconstruction. March 31, 2021. 1 USD = 52.79 ETB at the rate on 2022-08-29. office address Wuse Zone 4, Sheraton Junction, Constantine street, BULAMA HOUSE, office No. Ethiopian Birr Exchange Rate of today with different currencies and comparisons of more than 18 Ethiopian banks. 1000. Today one 1 dollar to ethiopian birr black market can be seen on our website, We provide live ethiopian black market exchange rates data 24/7, you can check today's Q: What is 50 Dollars in Ethiopian Birr? Ethiopian Birr coin on top of dollar . in legitimate markets. By region, Ethiopias exports comprised ofEurope (41.3%),Asia (31%),Africa (17.4%), and Americas (9.4%). 39.816 . Convert USD/ETB - Wise, trend The US Dollar to Birr exchange rate is also the most common indicator of the Ethiopian inflation rate. The second and current Birr has been the official currency of Ethiopia since the nineteen forties. The International Monetary Fund in June said Ethiopias economic growth may slow to 3.8% in 2021-22, because of the conflict, lower agricultural production, a fall in donor financing and intensifying foreign exchange shortages, drought, and spillovers from the war in Ukraine.Ethiopias foreign-exchange reserves stood at $3.3 billion at the end of 2021, covering just 1.9 months of the countrys import costs, according to an East Africa Macroeconomic Outlook published by Deloitte LLP. The talari, . iPhone Maker Plans $700 Million India Plant in Shift From China, Amazon Is Closing Its Cashierless Stores in NYC, San Francisco and Seattle, S&P 500 Notches Best Week Since Late January: Markets Wrap, Zoom Abruptly FiresPresident Greg Tomb Without Cause. We also have USD, EURO, RAND, CFA/CTO, CEDIS and RMB for sale. ecurrency.netlify.app, 44+ Usd To Birr Black Market Information | Ecurrency, best 0.67%. "Due to the increased demand for currencies this week, the dollar exchange rate at the parallel market skyrocketed," he added. Disclaimer: NgnRates.com can not guarantee correctness and trustworthiness of the information and contacts shared here. Black market. In 2015, the EPRDF and its affiliates won all of the 547 parliamentary seats in national and regional elections. View 2021 exchange rates for the US Dollar and the Ethiopian Birr. APDF readeris available from Adobe Systems Incorporated. Foreign Direct Investment Attraction Events, Services for U.S. Companies New to Exporting, Services for U.S. Companies Currently Exporting, Leading Sectors for US Exports & Investments, Information and Communication Technology (ICT), Licensing Requirements for Professional Services. end of 2023 were $3.3 billion, sufficient to pay for just 1.9 months' worth of imports. 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. InDecember2021, the official exchange rate of the dollar to birr rose to49.1936 with the birr devaluing by 25.6% in less than a year. Monday 31 January 2022. EURO or GBP USDT CAD RMB you can send us a message on WhatsApp 08105598688 Selling at 920. based on the number of searches from Apr 2021 to Mar 2023 . According to the expert, controlling the illegal foreign exchange trade is challenging. Ethiopias total export earnings by value increased by 21% from the previous year. Ethiopias real gross domestic product (GDP) growthslowed downto6.3% in FY2020/21 compared to the previous years historic growthdue to COVID-19, with growth in industry and services easing to single digits. disappeared due to the sharp decrease in the black market exchange rate of the US dollar to that Visa is the most accepted card and you may have to visit bigger banks for other card types. shortages, a drought, and spillovers from the Ukraine war. Between February and May, Ethiopias central bank depreciated the local currency by a weighted average rate of 26%. When Ethiopias sixth general election was held at that point, the leading Prosperity Party won 510 of the 547 House of Parliament seats that will allow the Party to form a ruling government for the next five years. CAD=#600, Twenty years later, in July 2019, the Lira gradually began to rise and reached 2,000. The agriculture sectors share of GDP shrank by18%between 2006 and 2021, whilethe serviceand industrialsectors share grew by0.3%and 19.1%,respectively. Last Updated Wed , 10 March, 2021 ; code name buying selling ; KWD : Kuwaiti Dinar : 126.8085 : 129.34467 : CNH : Chinese Yuan . In 2020, Ethiopias major goods exports included coffee (25.1%), gold (18.6%),cut flowers(13%), oil seeds (11.5%), chat(11.1%), pulses (6.5%),leather and leather products (1%). Johnnie Walker Black Label Collectors Edition 12 Year Old Blended Scotch Whisky . This website uses cookies to ensure you get the best experience on our website. Table 1: U.S. Ethiopia Bilateral Trade, Source: Department of Commerce, Global trade Atlas and National Bank of Ethiopia. Addis Insight Despite the Ethiopian government's efforts to control black-market currency exchange, the attempt could not restrict the market's propensity. On the other hand, they noted that modest currency exchange transactions at . British Pound GBP in Ethiopian Birr. We need 2000 for school fees payment very urgent, I have USD 100 in Port Harcourt. Conversion rates Euro / Ethiopian Birr. Published. According to the expert, the main reason for the current shortage of dollars and the sharp rise in dollar rates is that individuals are smuggling money out of the country. The industry and manufacturing sectors share gradually rose, expanding their share of GDP over the pasttenyears. Ethiopia faces a growing trade deficit with total imports increasing on average by 12.5% per year during the previous 10 years. NgnRates.com cannot guarantee correctness of the rates shared by users listed above. Constantine street wuse zone4. RMB=#112, The show examines all aspects of the legal profession, from intellectual property to criminal law, from bankruptcy to securities law, drawing on the deep research tools of BloombergLaw.com and BloombergBNA.com. Prior to the U.S. temporary freeze on economic development support to Ethiopia in response to the internal conflict and humanitarian crisis in the Tigray region, U.S. Exim bank had an expanded capacity to finance transactions beyond $10 million. Pounds is 930 100 dollar for sell 750/$1 Ethiopia. The exchange rate had fallen to its lowest value. USD is being traded at 757 in Black Market (Lagos) today, Thursday, March 2, 2023. For instance, the official exchange rate was approximately 40.81 Ethiopian Birr to the U.S. dollar in March 2021, while the parallel market exchange rate for the same time was approximately 52 Ethiopian birr.

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dollar to birr black market 2021