This is higher than the official exchange rate, which is currently around 38.7 Birr to 1 US dollar. The Exchange Rate TodayĪs of today, the exchange rate of the US dollar to Ethiopian Birr in the black market is around 41.5 Birr to 1 US dollar. The exchange rate on the black market is typically higher than the official rate, as it is influenced by supply and demand rather than government policy. In the context of currency exchange, the black market refers to the exchange of foreign currency outside of official channels, such as banks or exchange bureaus. The black market is a term used to describe the illegal trade of goods or services. In this article, we will discuss the exchange rate of the US dollar to Ethiopian Birr in the black market today. However, due to the fluctuation of the exchange rate, many people prefer to exchange their dollars in the black market rather than through official channels. The US dollar is one of the most widely used currencies in the world, and it is no exception in Ethiopia.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |