Vancouver Ethiopian Blog

Ethiopian life in Vancouver, BC, Canada

Sending Money to Ethiopia

Sending money oversees is way to complicated! But, does it have to be? If you are sending money, for instance, to Europe from Canada or US, then you have many choices:

  • Money Orders – via banks, post office, etc.
  • Cash Transfers – via agents like Western Union, etc.
  • Bank Transfers – via banks in wires, cheques, drafts, etc.

These services are very expensive both to the sender and recipient. The sender pays outrageous service fees and the recipient also gets dinged service fees in addition to lower exchange rates.

Photo: 1985 Ethiopian Gold Coin – showing a value of $400 Birr – worth a lot more at the present!

But, if you are sending money to Ethiopia, your options are limited. Most people in North America send money to Ethiopia using local licensed agencies rather than big corporations. These local agencies are mostly run by other fellow Ethiopians.

The service fees by the corporations are way to high, and also small local agencies give you the best exchange rates.

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April 1, 2010 Posted by | Ethiopian Businesses, Ethiopian Careers, Ethiopian Citizenship, Ethiopian Culture, Ethiopian Education, Ethiopian Food, Ethiopian History, Ethiopian Holidays, Ethiopian Investments, Ethiopian Media, Ethiopian Parenting, Ethiopian Patriotism, Ethiopian Relationships, Ethiopian Religions, Ethiopian Socials, Ethiopians & Technology, Ethiopians Back Home, Ethiopians in Vancouver | , , , , , , , , , , , , , , , , , , | Leave a comment