Ethiopian Birr

Ethiopian Birr

The birr (Amharic: ብር) is the unit of currency in Ethiopia. Before 1976, dollar was the official English translation of birr. Today, it is officially birr in English as well. In 1931, the Emperor of Ethiopia, Haile Selassie I, formally requested that the international community use the name Ethiopia (as it had already been known internally for at least 1,600 years) instead of Abyssinia, and the issuing Bank of Abyssinia also became the Bank of Ethiopia. Thus, the pre-1931 currency could be considered the Abyssinian birr and the post-1931 currency the Ethiopian birr, although it was the same country and the same currency before and after. 186 billion birr were in circulation in 2008 ($14.7 billion or €9.97 billion).

British Pound

British Pound

The pound sterling (symbol: £; ISO code: GBP), commonly known as the pound and less commonly referred to as Sterling, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha. It is subdivided into 100 pence (singular: penny, abbreviated: p). A number of nations that do not use sterling also have currencies called the pound. At various times, the pound sterling was commodity money or bank notes backed by silver or gold, but it is currently fiat money, backed only by the economy in the areas where it is accepted. The pound sterling is the world's oldest currency still in use and which has been in continuous use since its inception.Sterling is the fourth most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Together with those three currencies and the Chinese yuan it forms the basket of currencies which calculate the value of IMF special drawing rights. Sterling is also the third most-held reserve currency in global reserves (about 4%).The British Crown dependencies of Guernsey, Jersey and the Isle of Man produce their own local issues of sterling (the Guernsey pound, the Jersey pound and the Manx pound) which are considered fully equivalent to UK sterling in their respective regions. The pound sterling is also used in Gibraltar (alongside the Gibraltar pound), the Falkland Islands (alongside the Falkland Islands pound), Saint Helena and Ascension Island in Saint Helena, Ascension and Tristan da Cunha (alongside the Saint Helena pound). The Bank of England is the central bank for the pound sterling, issuing its own coins and banknotes, and regulating issuance of banknotes by private banks in Scotland and Northern Ireland. Banknotes issued by other jurisdictions are not regulated by the Bank of England; local governments use Bank of England notes as backing for local issuance by allowing them to be exchanged 1:1 at face value.

36 Ethiopian Birr to British Pound exchange rates chart

36 ETB to GBP exchange rates graph
36 ETB to GBP Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

36 ETB to GBP exchange rates table

Exchange ETB to GBP
36 Ethiopian Birr = 0.995 British Pound
72 Ethiopian Birr = 1.991 British Pound
180 Ethiopian Birr = 4.977 British Pound
360 Ethiopian Birr = 9.953 British Pound
Exchange Ethiopian Birr to British Pound
36 Ethiopian Birr to British Pound Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

36 ETB to GBP exchange rates news

Ethiopia: China Communications Construction Company to Construct Nib Insurance’s Head Office

2merkato provides business information for investors, suppliers, buyers, traders who are engaged or want to engage in business activities in Ethiopia.

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Factbox: What is Ethiopia's METEC?

METEC is Ethiopia's largest company -- a sprawling military-run industrial conglomerate that has for years wielded significant influence in the economy and drawn suspicion from some that it is a vehicle for patronage by governing elites.

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Brexit Latest: British Pound Recovers as UK PM May Announces Deal

UK Prime Minister Theresa May and her cabinet have agreed to a Brexit deal with the European Union. The Brexit saga isn’t over yet, though.

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British Pound Wavers On Brexit Milestone - Swissquote

British Pound Wavers on Brexit Milestone - Swissquote

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GBP/JPY Price Forecast - British pound finds a bit of support against yen

The British pound pulled back against the Japanese yen initially during the trading session on Friday but found enough support near the ¥147 level to turn around and form a hammer. This hammer suggests that we are trying to break towards the upside but there is so much in the way of noise between here and the ¥150 level that I think we will find sellers.

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Exchange Rates Update Today: British Pound Awaits UK Labour Data, Euro Under Pressure, US Dollar Strength Ensues

The British Pound (GBP) posted heavy losses against the Dollar (USD) on Monday, as the Euro (EUR) also posted heavy losses.

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36 ETB to GBP currency converter