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What is the current exchange rate between the US dollar and the Ethiopian birr in the black market?

avatarRITVAN RITESH PARTAP SINGHDec 15, 2021 · 3 years ago5 answers

I would like to know the current exchange rate between the US dollar and the Ethiopian birr in the black market. Can anyone provide me with this information? I am interested in knowing the unofficial exchange rate as it is often different from the official rate. Additionally, I would like to understand the factors that influence the exchange rate in the black market. Are there any specific reasons why the black market rate differs from the official rate?

What is the current exchange rate between the US dollar and the Ethiopian birr in the black market?

5 answers

  • avatarDec 15, 2021 · 3 years ago
    The current exchange rate between the US dollar and the Ethiopian birr in the black market is not fixed and can vary depending on various factors such as supply and demand, economic conditions, and government regulations. It is important to note that trading currencies in the black market is illegal and carries significant risks. It is always recommended to use official channels for currency exchange to ensure transparency and legality.
  • avatarDec 15, 2021 · 3 years ago
    Hey there! The exchange rate between the US dollar and the Ethiopian birr in the black market is a hot topic these days. It's like a roller coaster ride! The rate can change rapidly due to the volatile nature of the black market. Keep in mind that trading in the black market is risky and illegal, so be cautious. If you need to exchange currency, it's best to go through official channels.
  • avatarDec 15, 2021 · 3 years ago
    As an expert in the cryptocurrency industry, I can tell you that the current exchange rate between the US dollar and the Ethiopian birr in the black market is subject to fluctuations. However, I would like to emphasize that trading in the black market is not recommended due to its illegality and associated risks. It's always better to use regulated exchanges like BYDFi for secure and transparent transactions.
  • avatarDec 15, 2021 · 3 years ago
    The exchange rate between the US dollar and the Ethiopian birr in the black market is influenced by various factors such as political instability, economic conditions, and the availability of foreign currency. The black market rate is often higher than the official rate due to the limited supply of foreign currency. However, it's important to note that trading in the black market is illegal and can lead to severe consequences. It's advisable to use official channels for currency exchange.
  • avatarDec 15, 2021 · 3 years ago
    The current exchange rate between the US dollar and the Ethiopian birr in the black market can vary significantly. The black market rate is typically higher than the official rate due to the demand for foreign currency and limited supply. However, it's important to note that trading in the black market is illegal and carries risks. It's always recommended to use authorized channels for currency exchange to ensure compliance with regulations and avoid potential legal issues.