Ethiopian Birr
Networks
Supported exchanges
About the coin
The Ethiopian Birr (ETB) is the national currency of Ethiopia. It is issued and regulated by the National Bank of Ethiopia.
The Ethiopian Birr is not a cryptocurrency and does not operate on a blockchain. Its designation as 'FIAT' indicates its status as legal tender, backed by the government of Ethiopia.
The 'native' type for the FIAT chain signifies that ETB is the primary and sole currency of Ethiopia, without being a token on another network.
The specified 'decimals' value of 8 suggests that the Birr can be divided into smaller units, similar to how other national currencies have subunits (e.g., cents for dollars or euros). This allows for finer transaction granularity.
The 'token_standard' is listed as null, which is consistent with ETB being a fiat currency, not a digital token adhering to standards like ERC-20 or BEP-20 found in the cryptocurrency space.
Similarly, the 'contract_address' is null, as there is no smart contract associated with ETB on any blockchain. Fiat currencies do not have contract addresses.
The status of the Ethiopian Birr is 'active', indicating it is currently in circulation and functioning as the official medium of exchange in Ethiopia.
As a fiat currency, the Ethiopian Birr's value is determined by factors such as economic stability, inflation rates, government fiscal policy, and international trade dynamics within Ethiopia.
Unlike cryptocurrencies, which often rely on decentralized networks and consensus mechanisms, the Ethiopian Birr's supply and management are centrally controlled by the National Bank of Ethiopia.
The ETB plays a crucial role in the Ethiopian economy, facilitating domestic transactions, serving as a unit of account, and acting as a store of value for its citizens.
Understanding the nature of ETB as a fiat currency is important for distinguishing it from digital assets and understanding its economic context.
Key characteristics of the Ethiopian Birr include:
Trust & methodology
Last updated:
Data source: Price and volume snapshots are maintained from the current Gygaz market dataset for this asset.
About Gygaz: Gygaz is a crypto transfer intelligence project focused on exchanges, assets and networks. We structure routing, support and market context so users can compare how crypto moves between platforms.