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).

Saudi Arabian Riyal

Saudi Arabian Riyal

The Saudi riyal (Arabic: ريال‎ riyāl); is the currency of Saudi Arabia. It is abbreviated as ر.س or SR (Saudi riyal). It is subdivided into 100 halalas (Arabic: هللة‎ Halalah).

7 Ethiopian Birr to Saudi Arabian Riyal exchange rates chart

7 ETB to SAR exchange rates graph
7 ETB to SAR 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.

7 ETB to SAR exchange rates table

Exchange ETB to SAR
7 Ethiopian Birr = 0.938 Saudi Arabian Riyal
14 Ethiopian Birr = 1.875 Saudi Arabian Riyal
35 Ethiopian Birr = 4.688 Saudi Arabian Riyal
70 Ethiopian Birr = 9.376 Saudi Arabian Riyal
Exchange Ethiopian Birr to Saudi Arabian Riyal
7 Ethiopian Birr to Saudi Arabian Riyal 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.

7 ETB to SAR exchange rates news

Ethiopia:Gunmen reportedly attacking 13th century Aba Samuel monastery
Ethiopia:Gunmen reportedly attacking 13th century Aba Samuel monastery

Unidentified gunmen are reportedly attacking Aba Samuel monastery in Meiso district of West Hararge in Southeastern Ethiopia for over a week now. Read more

indicative negative
Ethiopia: A Pole-Position in an Intangible Economy

Opinion - Ethiopia's lackluster achievement in information technology is rarely pointed out. When it comes to policy-making, investment and public opinion, much of the oxygen is devoted to manufacturing.

conditional positive
Date set for auction of Saudi tycoon’s properties

Proceeds of the sale of Maan al-Sanea’s real estate assets will help repay billions of dollars due to creditors, say sources

conditional neutral
Saudi, expat fined half a million riyals for ‘tasattur’ operation in Dammam
Saudi, expat fined half a million riyals for ‘tasattur’ operation in Dammam

The Ministry of Commerce and Investment has defamed a Saudi citizen and an Arab expatriate who were convicted of commercial cover-up (tasattur) by a criminal court.

conditional neutral
Alkhabeer Capital opens subscription to 237m riyal Reit on Tadawul

Alkhabeer REIT Fund has assets in excess of 1bn riyals and invests in seven income-generating properties

conditional positive
Saudi Arabia will not penalize banks that boycotted conference

Saudi Arabia's central bank governor said the kingdom will not penalize foreign banks that boycotted

conditional positive

7 ETB to SAR currency converter