Import & Export

► Export Letter of Credit

 An export letter of credit refers to a foreign bank undertaking issued on behalf of foreign importer. The issuing bank specifies all the requirements of its customer in the letter of credit and undertakes to honor all drafts drawn in conformity to the credit terms and conditions. 

 ► Import Letter of Credit  

 A letter of credit is a commitment by the bank to pay the seller of goods or services of a certain sum provided the seller presents the documents specified in the terms of the credit. 

 

 

 

 

Money Transfer

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Currency Rate Bank of Abyssinia

  Exchange Rate 

  Date Apr 29, 2017

 

Currency Buying Selling
1 USD

 

22.8561

 

23.3132
1 Euro

 

24.8697

 

25.3671
1 Pound 29.4432 30.0321

 

 

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