What the currency of Ethiopia

Ethiopia African country located in the Horn of Africa is one of the second-largest African countries of the population with an estimated population one ninety million people and the capital of Ethiopia is Addis Ababa official currency is the Albert Ethiopian, what is Albert Ethiopian and monetary categories of Bear, and the time period that appeared to Albert Ethiopian.

Albert or Ethiopian birr main currency used in Ethiopia, the beginning of Ethiopia was called Abyssinia was Tskhaddm currency called the mainland Abyssinian issued by the Bank of Abyssinia, and in 1931 the King of Ethiopia Haile Selassie first officially of changing the Abyssinia name and name Ethiopia and change the name of the currency of Albert Abyssinian to Albert Ethiopian currently used by more than one and ninety million people have been renamed Bank of Abyssinia in the name of the Central Bank of Ethiopia, the word pir, land taken from the name Thaler means silver in the Amharic language that was used in 1855 during the reign of the king of Abyssinia Maria Teresa Thaler where he issued the king of Abyssinia and in official dealing Balbir Alomehra Eau Thaler proportion to his name, which the unification of currencies in Abyssinia, instead of trading in Indian Rupees and Mexican dollar in foreign trade at the time.

In 1903 the new Ethiopian currency appeared to keep Albert was of the same weight and painting, but in a different category in the 200 class emerged Silver Bear 0.32 groats category taken from the Ottoman language, called Pisa. To maintain the economy of Abyssinia was the founding of the Central Bank of Abyssinia in 1905 by Emperor Menelik, who ruled Abyssinia or Ethiopia in that year and assisted by the European Banking Group and National Bank of Egypt was officially opened the bank in the month of Chaabatm of 1906. Admission and trading currency began gradually, In 1915 the Bank of Abyssinia asking banknotes in circulation were banknotes mainland Abyssinian Thaler in Amharic and English and was used by traders and foreign demand for Azad Albert in 1925.

The First Emperor Haile Selassie in 1931 to purchase 235 thousand pounds from the Bank of Abyssinia in order to make it an absolute Ethiopian Foundation. Where the organization of the bank internally was Enter the coin of the coins made from nickel, copper, and issued a Bear $ 100 Mtanos, in 1936 to 1941 he was dominated Italian occupation of Ethiopia and gave the Italian lira were withdrawn banknotes from circulation Ethiopia in an attempt to increase the use of paper money the Italian, The revaluation of the exchange rate of the coin silver Tellara Maria Teresa to 4.50 pounds, and then to 5.00, and the stages of the arrival of the exchange rate to 13.50 during that period retained a lot of people Mineral currencies Ethiopian cash and securities.

During the East African campaign in 1941, British troops sent Indian, Egyptian and British with them dealing African shilling until 1945 has been trading returns mainland where Albert has become the equivalent of 2 shillings were used Ethiopian dollar name in the English text on the banknotes, and has been divided into 100 centimes In 1976 Use Bear official name of the currency and in all languages ​​any Albert Ethiopian official currency of Ethiopia, is now a symbol of Bear Ethiopian ETB and coins used are 1 centimes 0.5 centimes to 10 centimes to 25 centimes to 50 centimes, while the paper categories used are 1 Bear and 5 Bear and 10 Bear and 50 and 100 Bear Bear and Albert equivalent to 100 centimes.