Convert United States Dollar to Ethiopian Birr
Please provide values below to convert United States Dollar [USD] to Ethiopian Birr [ETB], or Convert Ethiopian Birr to United States Dollar.
How to Convert United States Dollar to Ethiopian Birr
1 USD = 0.00731865114331968 ETB
Example: convert 15 USD to ETB:
15 USD = 15 × 0.00731865114331968 ETB = 0.109779767149795 ETB
United States Dollar to Ethiopian Birr Conversion Table
| United States Dollar | Ethiopian Birr |
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United States Dollar
The United States Dollar (USD) is the official currency of the United States of America, used as a standard unit of monetary value and exchange.
History/Origin
The USD was established in 1792 with the Coinage Act, replacing the Continental Congress's Continental Currency. It has since become one of the world's dominant reserve currencies, influenced by the economic growth of the U.S. and global financial markets.
Current Use
The USD is widely used domestically and internationally for trade, investment, and as a reserve currency. It is the most traded currency in the foreign exchange market and is used as the standard currency in many international transactions.
Ethiopian Birr
The Ethiopian Birr (ETB) is the official currency of Ethiopia, used for all monetary transactions within the country.
History/Origin
The Birr was introduced in 1894, replacing the Maria Theresa thaler, and has undergone various reforms and decimalization over the years to modernize Ethiopia's currency system.
Current Use
Today, the Ethiopian Birr is actively used as Ethiopia's legal tender, with coins and banknotes circulating for everyday transactions and economic activities.