ETB (Br)

Currency: Ethiopian Birr

The Ethiopian birr is the official currency of Ethiopia. It is subdivided into 100 cents. The birr was introduced in 1945, replacing the Ethiopian dollar. The Ethiopian Birr is the official currency of Ethiopia. It was introduced in 1945, replacing the old Ethiopian dollar. The currency is issued by the National Bank of Ethiopia and is subdivided into 100 cents. The birr has been subject to high inflation, and the government has had to issue new banknotes in higher denominations to keep up with the rising cost of living. Despite this, the birr remains an important currency in the region.