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Money
Currency: Ethiopian Birr (Birr) = 100 cents. Notes are in denominations of Birr100, 50, 10, 5 and 1. Coins are in denominations of 50, 25, 10, 5 and 1 cents.
Currency exchange: US Dollar bills are the most convenient currency to exchange.
Credit & debit cards: MasterCard and Diners Club are accepted on a very limited basis (only the Hilton Hotel is certain to accept them). Check with your credit or debit card company for details of merchant acceptability and other services which may be available.
Travellers cheques: To avoid additional exchange rate charges, travellers are advised to take travellers cheques in US Dollars or Pounds Sterling.
Currency restrictions: The import of local currency is limited to Birr100. The export of local currency up to Birr100 is permitted, provided the traveller holds a re-entry permit. The import and export of foreign currency is unlimited, subject to declaration on arrival.
Exchange rate indicators
The following figures are included as a guide to the movements of the Birr against Sterling and the US Dollar:
| Date | May ’02 | Aug ’02 | Nov ’02 | Feb ’03 | | £1.00= | 12.33 | 12.62 | 13.42 | 13.51 | | $1.00= | 8.46 | 8.30 | 8.48 | 8.49 | | |
Banking hours: Mon-Thurs 0800-1200 and 1300-1700; Fri 0830-1130 and 1300-1700.
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